ESS 0.00% 50.0¢ essential metals limited

Ann: Pioneer Dome Lithium Project & Corporate Update, page-44

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  1. w27
    2,502 Posts.
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    I still think that a takeover by MIN is the likeliest outcome. They have to do something to arrest the recent slump in their share price. This began with the announcement that they had serious trouble with the plant expansion at Mt Marion and the supply of ore. I know coincidence does not prove causation, but it is the first place to look. Pioneer Dome offers a possible solution, and it is immediately available. I don't know what other solutions are available, but they must be limited.
    At the general future prices spodumene proposed by the various "experts", Pioneer Dome is a very profitable enterprise, and it currently comes with a mining lease. The drilling reports could give an indication of visible spodumene from the drill logs in short time. Anything like that would put a rocket under the price, and it is better to start from 50 cents than 35.
 
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Currently unlisted public company.

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