You can have a minable resource at lower length hits if the grade is high, 5m hits can be very economical if the grade is high. . If the strike length is long enough,and the resource must be consistent then it's fine. Most importantly the strip ratio needs to be low ie shallow deposit. Plus this has just started, its very encouraging IMO and in a good market this is 10x higher. The grade is king. IE whats 100m hit at 0.5 percent . People think you need 100m hits, no way. Lithium is different than other commodities, You don't get a sniff of it like in gold, its there or its not. I think this is a great start and it's not like this is valued at 50m . Not sure what people are worried about. ASX is just full of scared holders .
EFE Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
