Ann: GT1: Maiden hole at Seymour intersects 40m at 1.54% Li2O, page-52

Good point. On paper it looks like it could be a very cheap sell. However, ADV will still ride the benefits of 49% until a DFS is complete or production is announced by GT1. Some serious SP movement could still happen in that time. And has already started!!

Across the three sites I did some very rough calculations of lithium resource estimates;
* Seymour 4.8MT+ possible additional 22-26 MT= approx 30MT
* Root 20- 24 MT approx
* Wisa 8-10 MT approx

Only very approximate figures and the % of lithium could vary anywhere from 0.8-1.5% from the article I read. Very early days still I realise.

Worst case scenario ADV could potentially own and reap 20% of a combined approx 60-70MT lithium deposit across the three sites (approx 12-14 MT). For free.

Remember too that GT1 will be doing the heavy lithium lifting while ADV focus on their gold projects which they have publicly stated they wanted to do. So hard to put a price on that also. Makes a huge difference when a company can focus on one thing instead of two, three or more projects at once!! Shareholders become frustrated lol

Still an attractive reward and given lithium sentiment… could see a huge jump in SP over the coming months.
Not to mention the flagship gold assets.

ADV shareholders are now also buying into GT1 as a company and given their tiny MC and recently SP acceleration… seems it too could blow out and very quickly. They were less than 40c not that long ago.

Just my thoughts and happy to hear what others think!!

Sourced the figures from the link below so please correct me if I made a mistake.

Good luck

DYOR

https://unauthorised investment advice/resources/ipo-watch-new-asx-lithium-explorer-green-technology-metals-hits-bourse-with-a-bang/?amp