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1.52%

32.5¢ lithium energy limited

LEL - The Sleeping Giant, page-272

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PirataCzornomaz

2,688 Posts.

546

26/05/23

11:54

Post #: 67979009
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Originally posted by Akdjnr1: ↑

i am sure they will use hole 2.

Probably do an estimate (inferred on the JORC) on the depth, as they did not drill down to target depth due to issues.

Holes 4 and 5 will add significant tonnage to the Resource statement

If the interim statement is holes 1 to 5, i think we will see 3MT to 4MT LCE. You never know it could be even higher!!!

That would be amazing and would justify a substantial re-rate of LEL's share price.

It would be in the league of companies trading at $300m to $900m

The current price is at ground floor entry. I picked up more at 91c and 92.5c.

Missing out on a pip or 2 lower, could be very costly!!

Expand

The MRE ann will be an instant re-rate.

I think ASX doesn't understand brine resources as well as rock mines. Drill results in pegmatites get recognised on the spot.

Also, once LEL declares its MRE (with the expected significant magnitude and of economical status) it is a green light to start DEVELOPER type of actions, not just keep doing current Explorer activities..

LEL Price at posting: 91.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 32.5¢		Change -0.005(1.52%)		Mkt cap ! $36.40M

Open	High	Low	Value	Volume
32.0¢	32.5¢	32.0¢	$282	877

Buyers (Bids)

No.	Vol.	Price($)
1	3000	32.0¢

Sellers (Offers)

Price($)	Vol.	No.
32.5¢	9500	1

View Market Depth

No.	Vol.	Price($)
1	3000	0.320
2	34269	0.315
4	67951	0.310
2	13448	0.290
1	32280	0.280

Price($)	Vol.	No.
0.325	9500	1
0.330	16647	3
0.335	10000	1
0.340	12517	1
0.350	6300	2

Last trade - 12.40pm 06/09/2024 (20 minute delay)

LEL (ASX) Chart