I completely agree with Dion that PLL have a far greater understanding of their resource and therefore their figures are much more reliable. For the purpose of comparing potential I provide the calculations below based on the six drill logs you provided for PLL and the seven I analysed previously for MTC. Please bear in mind again, however, that PLL is an actual Lithium oxide estimation whereas my figures for MTC have been derived from their estimate of spodumene.
Also, PLL did not identify a LiO2 percentage estimate for the total thickness of each drill. The portion not identified I have assigned an average of 0.80% purely because they have identified a resource at 1.02% in their results. I conclude from this the remaining sections must have registered less than 1.00%. I also don't think that every unidentified intersection would have registered 0.99% so have used 0.80% as purely a best guess as to what it might be. (Please note that had I used 1.00% it would have increased their overall average % to 1.32% from the 1.25% in the table below)
That being said, and recognising the fact that MTC is a much less certain outcome than PLL I would offer the following comment.
Strike intervals are generally smaller at MTC (avg of about 11m vs 19m), although at generally higher concentration (avg 1.56% vs 1.25%).
This aligns with Dion's comments about excellent grades that MTC have that need to be proven up. I'd also like a few more of the actual test results (due in a couple of weeks) come back with similar numbers to Estimate 1 (which is about the best I have seen - although I am still a novice)
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
Column 7
Column 8
Column 9
0
PLL
Thickness
LiO2 %
Lio2 Est
MTC
Thickness
LiO2 %
Lio2 Est
1
TOTAL 1[/B]
25.22
0.262
Estimate 1
16.40
2.41%
0.395
2
Identified
5.40
1.46%
0.079
Estimate 2
12.57
1.61%
0.202
3
Identified
2.65
1.24%
0.033
Estimate 3
4.14
2.81%
0.116
4
Identified
2.00
1.43%
0.029
Estimate 4
4.89
2.01%
0.098
5
Remainder
15.17
0.80%
0.121
Estimate 5
7.61
1.61%
0.123
6
TOTAL 2
21.92
0.275
Estimate 6
25.32
0.80%
0.203
7
Identified
8.86
1.72%
0.152
Estimate 7
4.25
0.80%
0.034
8
Identified
8.04
1.02%
0.082
9
Remainder
5.02
0.80%
0.040
TOTAL
75.18
1.56%
1.171
10
TOTAL[/B]
18.66
0.263
11
Identified
6.27
1.39%
0.087
12
Identified
4.21
1.83%
0.077
13
Identified
2.26
1.52%
0.034
14
Identified
1.68
1.83%
0.031
15
Remainder
4.24
0.80%
0.034
16
TOTAL
18.64
0.223
17
Identified
6.66
1.59%
0.106
18
Identified
2.68
1.58%
0.042
19
Remainder
9.30
0.80%
0.074
20
TOTAL
14.08
0.187
21
Identified
5.03
1.98%
0.100
22
Identified
2.04
1.52%
0.031
23
Remainder
7.01
0.80%
0.056
24
TOTAL
12.97
0.179
25
Identified
10.36
1.53%
0.159
26
Remainder
2.61
0.80%
0.021
27
28
TOTAL
111.49
1.25%
1.388
These figures are my personal calculations only and are not meant as advice, merely for the discussion posed. Please DYOR and good luck all.
MTC Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held