Lets not forget the 14th October announcement showing the photo of the sliced outcrop at junction of Target 1 and 2 which the geos state contains 20-40% spodumene from visual observation. LIBs assay or UV light would confirm their observation. They would have done that before calling it spodumene. I wonder if this outcrop is a surface expression of the nearby stacked pegmatite swarm at Target 7. It has to have come from somewhere and its a decent spodume volume fraction. From memory pure spod is around 6 -7% lithium content so even if we take a midpoint of 30% volume fraction in that outcrop thats around 1.5 -2% lithium content. All is not lost. Need to follow the outcrop further down with drill .
Am presently out ( due that heavy selling leading up to the announcement which was extremely questionable and not option related due the overwhelming volume of trades) but will likely buy back in as the dust settles over the coming week.
RDN Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held
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