The best thing I read from the raising was one of the headline comments which said:
assess expansion opportunities in Brazil
If the company is too be taken seriously as a REE/lithium explorer in Brazil they will need to do a lot better then the current piddly scattered portfolio that they currently have.
Take a look at all the other ASX listed companies in Brazil they all have miles of more land exploration and a lot more prospective for major deposits.
Know one is currently pumping the SI6 SP because well it's not all that exciting. Sure we have the Nickel/copper project in Africa, gold in Australia. But it's Brazil where investors have their eyes on.
If we are to be seen up there with the other guns, we must accumulate more land, simple as that. I'm guessing Pat Volpe is assessing these options, but probably won't give up his own tenements, have to wait and see. Investors won't be happy if he tries to vend in some more areas of his into SI6 on unreasonable terms again.
SI6 Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
