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Ann: Chappais Lake Lithium Pegmatite Drill Rig To Mobilise-SOC.AX, page-3

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  1. 7,594 Posts.
    lightbulb Created with Sketch. 2098
    Hi Bundaone

    As you know I am highly sceptical about these lithium options ... so my opinion is tilted to finding the negatives.

    That said...

    The way I read it ... A 5 metre wide outcrop hosted in granite which dips down 60 to 80 degrees... i.e it plunges down under the granite. In other words it had better be high grade because there is no way anybody is going to remove granite overburden ... this will have to be underground mining. Also 5 metres? It had better link up with a heck of a lot more intrusive veins to make this a commercial proposition.

    The most useful thing about the ann is the photo below showing a fine, possibly Canadian, man pissing the company's funds away..
    screenshot-imagesignal.commsec.com.au 2016-09-22 15-38-07.png
 
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