CY5
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6.67% 8.0¢ cygnus metals limited

Yes, REC seem to be moving fast. Their targets are mostly on the...

  1. malibu_tan
    2,399 Posts.
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    29/05/23
    15:08
    Post #: 68017194
    Yes, REC seem to be moving fast. Their targets are mostly on the gneisses but they do have a lower target on land that is interpreted to be greenbelt (even though it's blue and not green). I'm glad you mention it bc it gives me a chance to highlight that the blue between Pontax's greenbelt and the pink granites on the left can also (I'm told by a very reliable source) be interpreted as greenstone, so CY5 have a much bigger interface of the greenstone and pink at Pontax (which is good IMO).

    https://hotcopper.com.au/data/attachments/5309/5309847-46ef1229b5303d52398ca4a9a52325bc.jpg
    https://hotcopper.com.au/data/attachments/5309/5309850-b0b9efb01af66211d058c6acb1648cfc.jpg

    REC may get lucky. I just remember that all the economic mines in WA are on greenstone and so the odds of finding lithium on greenstone is higher.
    https://hotcopper.com.au/data/attachments/5309/5309861-7e53902d755bb7e00f6ab18eb65a3e0a.jpg



    Last edited by malibu_tan: 29/05/23
    CY5 Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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