Mvc, based on when they last started taking samples at andover south and when assays came back.
We should get results end of this week.
Remember they put multiple teams on it.
In a prior release they stated marking pegmatites at Mt sholl. Not possible or potential ones.
The visual pics of these pegmatites shows a pinkish hue which is what we want, versus straight greyish.
There is no reason if they drill li, there market cap should not be 200m plus here.
That is the risk. There it is width, grade and continuance. Wide spaced drilling beneficial.
For me, I like to buy early, when nobody else does.
Core at 6c
Degrey at 2c,
Hawkstone, now arizona lithium at 0.3
Superior at 1.3c
Paladin at 6c
The old spectrum a few cents, then ramelius took them over. Pennywest.
One needs to look at geology of an area, and pay close attention to big deposits in the areas, also under explored on specific ground.
No good buying a explorer, where nothing big has been found in the location.
Also cap. Raiden was 7m when I bought, core was 30m and Degrey was from memory 12m.
I did miss Chalice, wildcat and azure, even though I picked the plays.
Wrong also. I Did 70% on far in the oil, 100% on brashes and onetel.
That's another thing, I lost there because I have a 40 year prospecting history and invested in companies I did not understand at all and got beat.
Ie. I should not have been investing in something I understood nothing about.
Stick to you're own strengths investing so you can understand and analyse it.
Here I expect a correction for both azure and raiden because both have raised capital and we need some flushing, also both have risen dramatically, without real consolidation or a reset.
The pull back has held above recent support / resistance thus far.
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