high li2O result probably eucryptitepermit delay is due to nimby...

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19/12/22

10:58

Post #: 65364363
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Originally posted by Son of Gwalia: ↑

The potential in the ground still exists. There are coarse spodumene pegmatites at the surface that have not been drill tested. Always funny when you present facts to people who clearly don't understand the subject matter and you're met with vitriol and personal attacks - but that's how you know you're right. I pity those who could not take off the rose-tinted glasses and objectively review the data they were being spoonfed on the silver platter including:
Assaying monomineralic Amblygonite and Spodumene rock chips, resulting in Li2O % grades nearly equivalent to the respective minerals Li2O wt% and not at all representative of the actual system! Look at that disaster of a rock chip sample on the right - selectively picking out only the spodumene crystals to pump the assays to near 8% Li2O. And they were silly enough to show the market!

Management have proven they are not capable of achieving the required DMIRS environmental permits for drilling, with permitting taking over 12 months!
Performing metallurgical testwork on the pegmatite before a drill permit is established?!?! Although this would likely have been to meet tenement expenditure.
And the Pièce De Résistance, after 18 months of screaming from the hills "lOoK hOw cLoSe wE aRe tO mOunT caTtLiN!" they then slap the surface expression of the Mt Cattlin deposit over their tenement to attempt a last ditch pump attempt. Disgraceful.

Does potential still exist in the ground? Certainly.
Does management appear reputable and capable of taking a lithium resource to production? No.

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high li2O result probably eucryptite

permit delay is due to nimby pressure from Ravensthorpe

prospectivity is still there

management not communicating all of the facts
BNR Price at posting: 9.5¢ Sentiment: Hold Disclosure: Held
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