Ann: Maiden Resource Proves Up Faraday DSO Starter Opportunity, page-8

  1. 1,300 Posts.
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    He’s not saying we will be in production, only production ready nothing more, we still need to complete drilling and prove up the resource so not three cherries up yet as reflected in share price, but still a very positive Ann IMO.
    Remember Gangfen paid NMT $30m just to buy out their right to “buy” spodumene at market value from Mount Marion.
    I was very surprised at that but shows the value they put on security of supply that they paid $30m to stop NMT buying from them at market.
    I wouldn’t pour too much cold water on this Ann it’s positive and direction of travel good, if and when we have off take partner deal done then we should see fireworks here and not long to find out if they stick to programme, happy to wait and see, and hope the phone is indeed ringing, Loop.
 
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