You have omitted your usual rhetoric of small, low grade deposit...

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Tasmanbubble

361 Posts.

66

10/04/24

10:51

Post #: 73272671
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Originally posted by calmbeforestorm: ↑

Seriously posters you need to review all the holes in the details way in the back of the announcement. They had 2 holes with decent high grade results 68m @ 1.4% and 58.7m @ 1.3% (ie 127m in total) but these were far outdone by the low grade results in this announcement of a total width 431m with a grade no greater than 0.80% and as low as 0.40% with a weighted average grade of barely 0.6%:

- hole 267D - 115m @ 0.40%
- hole 288D - 18m @ 0.66% and 12m @ 0.53%
- hole 217D - 44m @ 0.60%
- hole 232D - 90.2m @ 0.69%
- hole 111D - 80.3m @ 0.75%
- hole 14 - 52.5m @ 0.80% and 19.5m @ 0.51%

Then add the following 5 holes that were newly classed as NSI in this announcement - Hole 98D, 231D, 253D, 258D and 277D. They have had a very high proportion of holies that are NSI in every announcement and that tells one this may be a difficult deposit to mine ie high dilution. I have never seen such a high proportion of NSI results in any deposit of any metal.

There were other holes with shorter widths with low and high grade but the above are by far the best indicator of results.

WC8 executives and board are pumping this as a high grade big lithium deposit which it is clearly not.

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You have omitted your usual rhetoric of small, low grade deposit on a baby's footprint of a tenement.

If you think you can predict size/grade of deposit with accuracy you should sell the gutter cleaning business and probably start consulting to exploration companies as a mine engineer.

WC8 Price at posting: 64.0¢ Sentiment: Buy Disclosure: Held
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1 Great analysis

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