IMHO the initial MRE was around the level to be expected from...

IMHO the initial MRE was around the level to be expected from those that know how to do a resource estimation. Going back 5 weeks I mentioned a WAG around the 100Mt at 1.5- 1.6%.
https://hotcopper.com.au/posts/68442259/single

It's the pinching and swelling of the mineralised part of the pegmatite that makes an estimation difficult, which is also why it's all inferred..

Again IMHO it will take a huge amount of drilling to properly define just the C5 ore body and the mentioned 30,000m for the rest of 2023 is just a drop in the bucket of what will be required over time. I expect 200,000 - 300,000m of drilling before we get a DFS on this.

Big ore bodies in remote/ harsh climates take time to drill up. I expect those that have been in the lithium game for a long time, know this is an exceptional ore body that will get mined and be hugely profitable over time. I plan to buy more if it gets exceptionally/stupidly cheap.

What I noticed from today's presentation was no clear cross sections from Nova high grade area. The high grade areas were very hard to notice against the grey from the pit design. The 5.5% Li2O results from DMS only in the metallurgical testing, means it has a long way to go. I expect from such a location we should have a 6.0% Li2O concentrate to be world leading, especially if hydro power can be used. I expect transportation to be a high cost from such a location, so higher grade to offset that is required. Extra capital cost should be offset by a much larger MRE over time..

Lots to look forward to, with CV13 drilling and infill between CV5 and CV13, to expand MRE greatly. This will all take time but in a few years I expect the Mcap to be up with the biggest players if we don't get a T/O...