You do know that they’ve already signed a MOU with Camax to take 50% of production, with pricing tied tobLiOH and Canmax agreeing to assist in financing production, right?
You also know that the Lei prospect had one of the drill holes intersected LiO2 at an average of 1.4% for over 120 meters, right?
Oh yeah, it’s still open at the bottom and there are three more prospects in close proximity, at least two of which are being drilled right now.
It is exciting, to a geologist, anyway, and it’s proof that the site and CXO’s Finnis site are part of an extremely large, still undefined, pegmatite swarm with LiO2 concentrations from 1.3% to 1.5%+.
Give Reason to hold or invest in CXO, page-176
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