I've had a look at this and it's still on my watchlist. The...

I've had a look at this and it's still on my watchlist. The Jingellic lithium project looks to be very low grade to me. Around 10 per cent of the hard rock grades you expect to find in Pilbara deposits. The location looks to be difficult too in terms of environmental permits given the ground is mostly in native forest areas. Not sure how difficult this will be to progress. Dart Mining has a similar project setting - that is low grade and located in a bushland and national park setting - looking at their progress is a possible view to the future here. The best lithium projects look to be the Pilbara tenements that they've largely given away to SQM.

The gold projects are nearology plays but look interesting. The grades in these Victorian goldfields are extremely high compared to gold grades typically found in WA. Did the old-timers leave plenty behind? It looks like they did given what's going on Fosterville and elsewhere in northern Victoria. Management owns a ship load of shares and continue to buy, which a positive indicator for me. Maybe I'll take a smallish position? GLTAH