Very early days mate, lets not forget they are just prospecting,...

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Broke.Punter

86 Posts.

03/10/17

14:39

Post #: 27624555
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Originally posted by Goldies ↑

Very well articulated i must add, even though i disagree!

I have read and seen the historical data so am somewhat familiar of what you speak, which is why i am puzzled that they did not scope more around those areas that possibly hold spod pegs.

As a company they are required to try and increase stock holder value- looking at alternatives for lithium production is not immediately doing that IMO. And i am also puzzled at why you're not more concerned that they are taking this "alternative" approach- all you need to do is appreciate the Value of LPD and the stock price and see what happens when you go down the "alternative" approach.

Maybe i'm being short sighted, but demand is convention and convention is brine and spod

There is also a reason why brazil is ranked 7 in lithium producing countries- i might add all for use in ceramics, plastics and what ever else it is used for. So if CGM are going down the path of alternative lithium production not for battery grade then im sure they think they have hit the motherload.

It appears that there is alot of hope that maybe the technology will come. maybe it will. maybe it wont. wont be waiting around for that.

cheers

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Very early days mate,
lets not forget they are just prospecting, looking for more pegs that may be viable.
Once they start drilling they'll be hitting those existing spod areas along with the ambly pegs with high concentrations.

CGM Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
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Very early days mate, lets not forget they are just prospecting,...

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