Ann: Colina Prospect - Positive Metallurgical Test Work Results, page-33

Its another box that's been ticked that needed ticking to justify continued drilling.

It will likely be a lower cost processing set up (lower capex). Good to know.

We really could do with a few thicker intercepts in my view.


When this runs it will likely be hard.

It actually could well be Cloud 9 PFS that is the catalyst.

Current MC can't be taking into account a decent PFS plus the Li results so far. Plus the cash on hand making it low risk for the medium term (no CR dilution).

While I think ADN great White has the edge on Cloud 9, plus its further developed, off takes etc, you would still like to think Cloud 9 is $80-100m value.

That does not leave much for Brazil.

Could well be saying in 12 months time "wish I had bought more sub 15c.

Clearing the B wave 14.5c is our first target. Then 22.5c. There is one hell of a gap above 22.5c

GLTAH