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20:44
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Originally posted by JandJ:
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When are you going to give up ?? The very first paragraph of the recent ann says --"Following the acquisition and interpretation of seismic and well data "Competent Person Statement: JORC Code 2012 Table 1. Section 3: Estimation and Reporting of Mineral Resources "This lithium-brine Technical Report has been prepared by a multi-disciplinary team that include geologists, hydrogeologists, geothermal specialists, and chemical engineers with relevant experience in the Permo-Triassic brine geology/hydrogeology and Li-brine processing. There is collective agreement that the Vulcan lithium-brine project has reasonable prospects for eventual economic extraction, and the author, Mr. Eccles P. Geol. takes responsibility for this statement."
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Ok they have historical data for 2 wells, thats it, for the entire 37,360 hectare Ortenau licence area. They used this well data to confirm the formation horizons indicated by the siesmic data only. For all intents and purposes the resource estimate is based off siesmic data, that is clear.
(20min delay)