Ann: Completion of Northern Lights Transaction, page-18

I think part of the problem is that they’re currently only doing soil and EM works on the NL ground. Hardly anything there to enable a marketing spree. And they’re a passenger on the Wapatik project there’s not much they can do there either.

With regards to the Li on NL, I haven’t seen anything that excludes Li from that deal so afaik, we have full rights. I think there’s outcropping along most of the belt so that Li potential definitely extends from BNZ into MRZ ground. When these 80m long historical cores are finally assayed (they were confused for granite from memory), it’ll light the fire for bnz and MRZ.

I reckon they’ll start the pump when BNZ get these assays out. We’ll have a few related Canadian Li and Au plays releasing news concurrently. They’ll pump it back over 40-50c and launch a raise at 30-40c. Then they’ll have a fully funded drill programme and all large SH will be set with all the equity they need.

Down here at $13M level the exploration upside is being hugely overlooked IMO. Will only take a sniff of something at wapatik or NL to double or triple the price - especially given the low free float. Good buying still and prob only for those that are happy to track sideways for a few more weeks while these other plays get things moving for us.