Ann: Large Lithium Soil Anomalies at Mt Alexander, page-64

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silverlake

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07/03/24

04:48

Post #: 72783918
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Originally posted by ozblue: ↑

@Corker ... I hope you realise that St George have not mentioned the word 'spodumene' in any of their announcements. The only 'lithium' they have an indication of, in very minor amounts is lepidolite.

Perhaps you should go and ask management at Mt Holland or a geologist there how much the lepidolite is worth. I can save you the time as there are already a couple of companies on the ASX based on lepidolite and there SP has gone nowhere even thought they have good lepidolite resources..

Be very wary here as the biggest promoters of this dog stock are insiders or people closely attached to insiders. No real investor would be bullish on such a poor performance stock, that has talked up 'nothing' for over a decade. The Mcap is still way out of whack with similar other juniors with no resource of any kind, just exploration ground.

You would think that ground they had already poked hundreds of holes into and come up with nothing substantial, would in fact be LESS likely to have a discovery compared to other juniors with ground no-one had ever poked a hole in.

Remember companies like WA1 found material mineralisation with the first 2 holes into new ground and you could have bought into it the day after discovery announcement for under 50c, now $12+... (I hold WA1). The big money is not made in penny dreadfuls that continually find nothing, it's made by jumping aboard a company that finds something substantial very early on.
The record of this mob, is not too good in finding anything, across several junior train wrecks..

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Like GAL did ?
lmao.
LTR and Mt Katherine,you’re a holder of course.
You’re familiar with M24,the acquisition of tenenements.
You hold IGO being a bright “spark”
Hold onto your knickers bluey,Irons crashing..,,

SGQ Price at posting: 2.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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