The Resource is possibly 6 times bigger than what’s being reported in the Jorc. Three scenarios come to mind.
1The Board is content with Jorc and just wants to focus on development rather than further exploration.
2They haven’t got a clue about own asset and sold best bit to Posco or parcel at bargain basement prices. (Embarrassing)
3Saving how good the resource is for future spin. Under promise and allow the 900mg/L to do all the heavy lifting while maintaining the under promise over deliver mantra this board seems to thrive on. Technical Grade give me a break. The project manager is milking this.
It really doesn’t matter in all the above long term. (But) Sal Da Vida is possibly the greatest brine asset on Earth today and analyst aren’t even giving it a dollar value. WTF is that all about?
The Resource is possibly 6 times bigger than what’s being...
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