EFE (ASX) Ann: Spodumene identified at Trigg Hill

Originally posted by Ciccotosto ↑

To my understanding, Rubidium is linked to Lepidolite (approx 0.3% to 3.5% in Lepidolite).
Though there have been a few interesting factors. This is an LCT Pegmitite (lithium tantalum caelsium) which is a sub set of granitic pegmatite.

To my understanding, LCT Pegmatite will give us Lepidolite, Spodumene, or Petalite. It depends on how this section has settled over time and how much 'purification' the pegmatite has gone through to give us the higher grade lithium in Spodumene or Petalite.

I have some confidence in the announcement of this thread. They have done some processes that are not just 'basic' visuals. Here is an example of XRD results for spodumene from a different project of another company.
Compositional XRD patterns of pegmatite–spodumene ore sample 1A from... | Download Scientific Diagram (researchgate.net).
There is spodumene in the ground. The real question is how much is located.

I am not a Geologist, DYOR. I do not even think I understand Geology, I just read up on what their announcement says and try to understand it.
Please correct me if I am wrong.

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Originally posted by kidajh ↑

Thanks Camie. I appreciate the sentiment. I imagine most of us here are doing it tough. I really like HotCopper because of what I learn from it but more importantly it helps to tap in to the sentiment of fellow investors. We are united by one thing. We are trying to make a better life for ourselves and our families. I find myself intrigued by all the different personalities on HC . I wonder about each and everyone's individual stories. I myself after years of investing in speculative shares came oh so close. I invested heavily in Ipernica. They had a universal binding patent on segmentation and reassembly technology which was an integral part of the ADSL broadband. But 2015, my ex-wife threatened that if I didn't divest and put the money elsewhere ( renovations holiday new car) she would divorce me. So I did. She left me anyway for a guy who made more money than me. Sold our house. Took our three children with her also. Nearly destroyed me. Got a scary insight into why so many guys top themselves. Ipernica went on to become Nearmap and at it's peak my investment had I been able to keep it would have been worth 2.5 million dollars. Ironic in the extreme especially given the ex is now a single mum living in Dandenong. The philosopher Doris Day would say Que Sera Sera.
I've been picking myself up ever since. Remarried a woman from Africa, have a delightful 2-year-old daughter with another child on the way and at 56 years of age find myself in a somewhat unenviable position of trying to play catch up. I managed by the skin of my teeth to catch up some with ResApp, then got a huge leg up from Pilbara minerals and feel like this is one last almighty throw of the dice on Eastern Resources. Part of me feels quite ashamed of taking such a huge risk but the rest of me...well... if we are right about Eastern Resources you will hear me sound my barbaric yawp from here in Melbourne to the Pilbara and beyond.
Let's buckle up and see if "Kansas is going bye-bye".

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Originally posted by kidajh ↑

yep got to wonder what your agenda is here Mr 007. Nobody here is in love with eastern resources. We like it's potential and are willing to bet on it. That's it in its entirety. We either have lithium or we don't and we're about to find out whether we do or we dont. You can't say we have a small or large prospect yet by looking out over a dusty patch of earth. And nobody can convince me that just by a visual inspection of photographs they can determine the absence or presence of spodumene bearing lithium. Not when the percentages come in between 1 and 3%. That's like trying to tell me the human eye can identify the characteristic one to three atoms spread amongst 100 atoms. If the human eye could do that we wouldn't need laboratories. Just sit tight for the moment and try not to be shaken or stirred. Btw I loved you in Casino Royale and I admire a good poker player but cards is not my strong suit. I'm an all-or-nothing kind of guy and I'm prepared to reveal my hand: just a fraction under 8 million shares so I'm either about to crash and burn or buy the house and you presently don't know one way or the other.
cheers to us all

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Wow hard to believe just in January last year EFE was trading at 2.9 cents, today 0.5cent offered, a 82% drop in under 2 years, this management surely know how to destroy shareholder value, is anyone bullish EFE anymore?!

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Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $5.588M

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