I want to put the focus of the company where it should be and that's on the lithium. Many Australians like to see spodumene in the lithium hunt but it is not everything. CGM Brazilian tenements are huge and they are not restricted to spodumene but they have that too.
LPD is having a solid move at the moment with regards to its lepidolite pegmatites in Portugul with a price of 6.3 cents. It is not spodumene, but it is lithium oxide bearing at 1.1% Li2O.
Our Brazilian tenements make this look like chicken feed in terms of Li2O across a range of different lithium chemical expressions including Ambligonite. Perhaps people could re-read for themselves rather than me quote the Brazilian tenements lithium content. Samples to date have seen very high figures. In due course our current exploration results will be tabled as CGM focus on that.
This hiccup in Madagascar is providing a share spill that won't come again with tremendous upside in Brazil.
CGM Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
