How to fund Li exploration is the question - and 'Sell Radio Hill' is suggested - but RAF says no! and I say yes! If it is worth anything that is. Is it?
I remember when I held in the old DL days when everything was rosy --- and Radio Hill only need a few more bucks and it was a goer - year in, year out.
But now we have known Li fertile pegmatites on one tenement (JV to GRE, but still 'ours') and very likely many on our 100% tenements.
And in my opinion Lithium is the new Iron Ore - and West Australia is once more in the box seat.
Do we still need Radio Hill ??
My DD says ARV has $2,4 mill in cash (31-3-23) and I assume that is enough to map and sample a few hundred peg outcrops along trend from the GRE 'discovery' and further south where I suspect the AZS trend follows through into ARV ground.
Assay a few rock chips, maybe drill one or two likely pegs.
If it works - and I like the geology with granite and ultramafics in the locality making prospects fair/good/very good - then future cash is a no brainer.
I believe its time to act now - last night saw a strong up day on S&P 500 and US inflation down to 3%.
Today ASX responds with - XJO (all ords) up 1.4% - XSO (small ords, emerging) up 1.7% - XGD (gold miners) up 4.7% and XMM (mining and materials) up 2.3%.
If Lithium is the new Iron Ore, we are in at basement levels right NOW.
Please DYOR, only my own views.GL.
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