Concrete graphite results on holes drilled to date in mid-Aug I reckon. My gut tells me there is more exploration needed to prove up an economic resource at Toamasina (take a look at the two most recent releases plus DNI's ANN to the CSE on extending the search zone). It's not a bad thing, I think they have the graphite, but are still defining the deposit. Good thing is they can progress fairly quickly in Madagascar (weather permitting) because if the softer saprolite geology.
I think we'll see an ANN on the acquisition of the lithium prospect as early as this week. CGM just has to issue the shares, the LOI was signed last year. Only surface sampling has been done to date though. This is not a sure bet, we're at the beginning, but it's a good region from what I've read. And it's a huge tenement 60,000ha.
Maybe back to 009 & resistance before ANN
CGM Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
