GLN 0.00% 13.0¢ galan lithium limited

Ann: Drilling Update, page-79

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 10,748 Posts.
    lightbulb Created with Sketch. 2102
    The first hole was a spectacular result ,but that result was near the edge of the GLN claim and close to the current producing majors.
    They now need to drill a lot deeper and in my opinion the deeper you drill away from a higher grade area ,ends up resulting in a much lower grade or little brine compared to the main area or trap zone.
    In my opinion the next round of drill holes will not deliver enough to make this a viable project as GLN land appears to be mostly outside the economical zone of the producing area.
    Maybe IM wrong ,but this stock appears to be much more risky now ,so for that reason my sentiment has changed to sell.
    I will post again after a few more drill hole results with my opinion ,not that I think anyone will care.
    Good luck holders.
 
watchlist Created with Sketch. Add GLN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.