To highlight the significance of these discovery holes and the very high grades averaging
1.75% Lithium (which is the highest ever seen within Pilgangoora).
For comparison on the basis of market cap valuation between current AJM to current DKO (including the 54M shares dilution of DKO CR).
AJM 35.7Mt @ 1.05% equates to DKO achieving only
21.4Mt @ 1.75%. From a market cap perspective I get a
73c share price valuation for the same Lithium resource.
Not to mention the at surface Lynas Central pegmatite and low strip ratios required lowering project capex significantly and the numerous potential parralel pegmatites discovered surrounding the Central pegmatite.
Early days however this is the potential with DKO now to be fully funded and de-risked.
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