Yes, from what I can gather, this is almost the only lithium explorer in the Pilbara whose share price has not been on a roar recently (all litjium projects and JV still basically valued at $0...how can that be??), and many of the others are at a less advanced stage than ours.....i.e. no sampling done, just a sniff. And ours is supposedly the most analogous to the largest hard rock spodumene deposit ever!! Lithium up 500% in the last 12 months..and we continue to focus on gold. Missed a massive boat here....waiting now for the ferry. Hopefully the deposit still works out fantastic and the market understands us more as a lithium company than management do, and they pump the share price. Samples due any day now, plus drilling from Ashburton, so good news is afloat.
The most fascinating aspect of the JV, is the right of first offer to acquire the other's interest. The advantage of course there is with the squillionaire SQM to buy ours out, but with exploration success I wonder what chance Kalamazoo have of retaining a higher interest in the project??
Maybe extraordinary gold results will enable us to cash up in a couple of years time to snatch some lithium back.
KZR Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
