Someone threw the baby out with the bathwater yesterday. The monthly FOMC meeting seems to purge holders in the days leading up to it with really no substance to back up why a stock gets hit.
Anyways, one mans trash and all that and I was looking at RDT's new discovery at Yinnetharra (Malinda prospect) of 55.6m* @ 1.12% Li2O (*true width ~30m) and noticed everyone talking about a microcap contiguous to RDT's tenements and I had another stock in mind but didn't expect to find a SUM tenement along strike from the Malinda prospect where RDT is drilling
Below is RDT's tenements
And below highlighted in light blue is SUM's Morrissey Project E 09/2482 with the red dot representing the Malinda prospect. RDT go on to say it "firmly believes Yinnetharra could host a deposit of global significance"
Even though SUM call the Morrissey project an REE project, here's what they have to say about it's lithium prospects...
Going back to the SEG/AMD days we know that they found some high grade rock chips all along that strike and they drilled some ok intercepts that RDT have expanded on
SUM is under $2M EV so it's something worth keeping an eye on and have a look at the LCT prospects above and notice the strike
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Open | High | Low | Value | Volume |
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3 | 119896 | 0.240 |
2 | 38000 | 0.235 |
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1 | 20000 | 0.220 |
Price($) | Vol. | No. |
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0.255 | 37748 | 1 |
0.260 | 22554 | 4 |
0.270 | 65000 | 2 |
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