FL1 2.44% 21.0¢ first lithium limited

Hoping for more of those visuals and decent intervals of thick...

  1. 594 Posts.
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    Hoping for more of those visuals and decent intervals of thick pegmatitie as per previous drill holes. Monday could happen as you mentioned going off the last 2 announcements.

    The 112m and 53m of pegmatite is looking like FL1 could potentially have a decent deposit here. still early days as would be good to get confirmation of Li % from first few drill holes before we really know what we could be on too.

    Geographic risk should be known to holders. LLL was trading at roughly 1 - 1.2B mkt cap for 40% of project before running into issues. stock then traded @ $500M mkt cap before halting again. If it's a winner you'd prob want to think about trimming on way up IMO as a way of mitigating jurisdiction risk.

    Obvious this could be pretty big given current mkt cap if these continuous long pegmatites prove to be decent Li hits.

    note: IMO. Personal observations here.
 
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