FL1 2.94% 17.5¢ first lithium limited

The company is very transparent, they believe that Blakala is a...

  1. 449 Posts.
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    The company is very transparent, they believe that Blakala is a Tier 1 resource, I believe it and I see it the sections with 40 m can reach 100 MT, that would easily mean a market cap of 700 to 1.5 billion at the moment.I am only surprised about the small drilling program of only 6,000 m, here they should drill easily 60,000 m, so that the resource is measured. This point is a bit unclear.I think they want to drill short and then at a higher market cap to complete the financing so that then the actual drilling program with 60,000 m can take place, the so much is necessary in any case.When the lab results come in ,the company should be valued at 500 million, I am buying into it.Or did I miss something, I just compare the drilling with PMT , WR1 ,AZS and come to the conclusion that we also get loose with 500 million valuation in 1 to 3 months.Faraba ProspectAlso good however rather small, the company write it themselves. Somewhat scattered, but with high mineralization. https://www.intermin.net/lithium-projects-mali.html
 
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17.5¢
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Mkt cap ! $13.93M
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17.5¢ 17.5¢ 17.5¢ $5.912K 33.78K

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Last trade - 14.35pm 05/07/2024 (20 minute delay) ?
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