ESS 0.00% 50.0¢ essential metals limited

Ann: Quarterly Activities and Cashflow Report, page-8

  1. w27
    2,463 Posts.
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    It is staggering that such an upbeat report has no effect on the market. Very positive about sales of pollucite and now applying to extract a "sample" of 5.000 tonnes. A sample of 5,000 tonnes of ore worth of the order of $15,000 a tonne is nonsense. The only explanation for this is that it is easier to get approval to extract a "sample" than to commence mining. They are about to sell a large amount of pollucite ($75M) and are saying that there is plenty more there. They are exploring for extensions and have lots more prospects to drill. They are also very positive about more, much more, spodumene and lepidolite, as well as pollucite. So much for those knocking the JV on 2% of the area for lepidolite only. This is a brilliant announcement. Don't worry about Acra. NST are the most successful explorers for gold in Australia at the moment. They will turn up something exciting when they have a chance to have a good look.
 
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