I haven't posted that much on either ADN or LRS as I see both of them essentially now been 'business as usual' companies, the former on its way to mining and the latter at the commencement now IMO of identifying the appropriate mine area for its subsequent feasibility studies etc etc. I also have sort to stay away from the tit for tat on each thread around comparisons of one's deposits.
A while ago I posted this on the LRS projects - lithium, hallosyite and Peru -
Post #:50163438LRS has certainly delivered on the kaolin/halloysite project and this Ann is very good in that regard - it will be a good project in its own right IMO (noting ADN has a very good deposit as well and more area to explore so that is where the comparisons end given both have good deposits and now it is about taking your market opportunities).
LRS infill program will define IMO the area they will be mining from in due course. Whilst some of the results have been a mixed bag, as was ADN's results in some areas, LRS clearly have some very good areas where results have been outstanding. And I suspect it will be those areas that infill will target and it will become clearer from the infill how they will proceed with area identification, mining plans and before all that feasibility studies.
As everyone now knows, t
he key to a kaolin/halloysite deposit is three fold:1. Grain size - less than 45um is the key.2 Brightness - over 80% is fantastic meaning the resource is 'whiteness'. 75% - 80% is good/ok3. Low deleterious elements, especially iron, which in part is also associated with high brightness. If you have brightness above 80% the probability is you'll have low deleterious elements. Fe203 needs to be below 1%.
It is pretty obvious that LRS appears to have found something viable to mine and the feasibility studies IMO will also show that - the importance of understanding and been able to leverage from the work already done by ADN.
Long term hold, and I don't tend to comment on day to day share price movements.
LRS's lithium project too me is also very very interesting as well and looking forward to drilling there when it happens - refer embedded post above.
All IMO IMO IMO
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