TAW 0.00% 31.0¢ tawana resources nl

Ann: Lithium Ore Reserve Increase at Bald Hill, page-92

  1. 2,630 Posts.
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    nice chart, Haplo.

    I have been waiting to enter at ~40c after drawing a horizontal support line (and being long sold on the fundamentals) but after today's action and the apparent support at 43c, i bought in and I think this is about to take off. i'll still gladly pick up more shares at lower prices if it doesn't.

    Clearly, there will be more positive news on production expansion following this announcement. I would normally be concerned about the lower grade cut-off, but as they are producing, they can see how things are performing and justify it.

    Its very exciting that they can achieve a 6% concentrate from low grade ore. if you look at any grade-tonnage crossplot, you'll see how much larger a typical economic resource can get at lower grades. just this fact alone boosts the potential for their future exploration, too.
 
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