At the time I was scratching my head and others as to why Sayona was putting so much effort into drilling and expanding the JORC:
"NAL has now a total estimated JORC Measured, Indicated and Inferred Mineral Resource of 87.9 million tonnes @ 1.13%
Li2O (0.60% Li2O cut‐off grade) which represents one of North America’s single largest lithium resources. Around 82% of
the tonnage is in the higher confidence Measured and Indicated categories with 72.1 million tonnes @ 1.14% Li2O"
Its now becoming as clear as mud. There's no doubt that the board would have there ear to the ground as to industry movements. There is also little doubt that the board would have been contacted by Rio Tinto or a proxy. Is this the reason why Sayona was in such a rush to increase its resource ? Its often the case that when there is a first mover others soon follow in the sector "FOMO". So who is next ?
Just a thought !
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