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clock Created with Sketch. 20/12/22
10:51
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Originally posted by SugeKnight:
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Yeah that's the thing, market isn't very excited about ESS further potential, even though they have a big prospective tenement. Because ESS will need a lot of money to go hard on exploring, and they appear to not want to do that (cash burn) - they're rather happy with the current deposit and want to see what they can do with it.Essential Metals Managing Director, Tim Spencer, said: allows the Company and its Scoping Study manager, Primero, to complete a scoping study that will assist in attracting a project partner that is prepared to help fund development of the Project in return for offtake rights. We will of course be considering all development options including fast-tracking Direct Shipped Ore (DSO) cargoes as a means to bring forward cashflow. ” So that's their main objective"focused on discovering new spodumene-bearing pegmatites at the Pioneer Dome Lithium Project." (focused on discovering - no mention of drilling )
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someone with deeper pockets can explore the area properly hence a takeover is not an unlikely scenario. At 25c a price of 55c is looking attractive for many holders and management should consider this as they dont have the means or will do explore this any further.
