We dont know if the H909418 surface sample was partially or heavily weathered. Spodumene is very prone to weathering which leaches out the lithium . The undercover pegmatite zone extending south from this sample area is the real test and according to the narration the direction of fractionation appears to be vectoring towards the south direction. The share price collapse has resulted in a market cap with an unrealistically low Enterprise Value. Somewhere around 25c would seem a more appropriate
Ann: Highly Fractionated Pegmatites Confirm Drill Target, page-59
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