What are the chances of GT1 having a resource of 50Mt @ 0.8%. This is on the low end of quantity and grade provided by management in their exploration targets in the investor presentations.
They then have this warning
The potential quantity and grade is conceptual in nature, there has
been insufficient exploration to estimate a Mineral Resource and it is
uncertain if further exploration will result in the estimation of a Mineral
Resource. See Appendix Exploration target
Do the targets have any weight at all given this or it just wishful thinking. I also hope that by putting those numbers up they haven't set the SP up for a quick drop if the mineral resource doesn't even meet the low end of their exploration target provided in the presentation.
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Ann: Maiden hole at Seymour project intersects 40m at 1.54% Li2O, page-122
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