It is interesting northeast, I see ESS's North Dome would...

It is interesting northeast,

I see ESS's North Dome would complement their Manna resource nicely.....actually I'm sure ND that it would be their flagship and first mine to get the cash rolling in, They would then have two resources that could utilize 1 processing facility etc...

My guess is that the rumored GL1 possibly made the offer at that time an all in script offer, with GL1's SP riding high and ours at the time below 50, an offer of say 70-80c would have pick up ND for ~ 200m, an offer of like 1 of their shares for every two of ours, at best opportunistic, at worst I would say they were trying to steal ND.

You be the judge and compare quality - via the Diggers and Dealers Pressy

Looking at Manna (GL1 80%) Inferred Mineral Resource of 9.9Mt @ 1.14%
Li2O (100% basis)





Interesting they plan to do a little more RC infill and deep extension.

This is their other prospect, looks a bit scratchy, early days but these are their best results
Marble Bar GL1 100% Inferred Mineral Resource of 10.5Mt @ 1.0% Li2O3




Is that their best from all those holes??




Well no wonder they want ESS's ND, you can have a resource but how much of that can you actually economically mine?
CXO could only mine about 50% of their resource.

ESS's ND clearly a better resource than either of GL1's currently and ESS MC should be at least more than 60% of GL1 market cap.

I also expect ESS's scoping studies economics will Crush any of GL1's future SS due to the one much thicker lode (CADE) and the much higher RESERVE they can convert from their resource.

Once again on comparison ESS undervalued!
Although I may be ok with a 1 for 1 scripts offer as I do like GL1s Managements can do and go get'em attitude





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