Amazing how they've shifted the goal-posts prior to drilling "high-grade lithium areas" to "lepidolite mica" in just one month! Almost as if they have a strong gut feeling what the drilling might turn up and are softening the market blow.
It does make you wonder, why have no lepidolite projects been defined in Australia? Almost as if they are not worth defining
Could someone remind me the last time someone bought a lepidolite concentrate at spot prices?
Or what the lepidolite concentrate market price even is???
But don't take my word for it, just look at all the "high quality" lepidolite deposits on the ASX:
- PAM has 10.4Mt @ 0.44% --> $58M MC
- LPD has 11.2Mt @ 0.43% --> $114M MC
- EMH (Cinovec) has 372.4Mt @ 0.45% --> $125M MC: QXR have got their mineralogy mixed up as well, Cinovec is a zinnwaldite-dominant deposit...oopsie!
- EFE's chairman announced a strong lepidolite visual in their drill core in the AGM and tanked their share price 20%!
- MLS were exploring for lithium and found lepidolite pegmatites in WA and wanted to define a lithium resource but now it appears they've completely forgotten about the project! $31M MC
