From recollection, the trench samples showing good grades of Li20 were grab sample (rock) as against 'stream sample'. I am not convinced that the overburden - the saprolite - is economical to convert into 6% spodumene concentrate (as is the market I would say because that would make it a high grade surface deposit mine).
Just my opinion based on other plays where they just report the saprolite as weathered pegmatite that is considered 'waste product'. Would be exceptionally happy if I was proved wrong because the SP would be a lot higher than what it is now because that would support the theory that this is a shallow surface deposit (which currently I am thinking it is not, but just a normal lithium mine development if it proceeds, assuming have a good JORC). All IMO
As I said, that is my view and would be exceptionally happy if I am wrong.
All IMO
GPP Price at posting:
1.2¢ Sentiment: None Disclosure: Held
