I think it's pretty likely that this week and next will have a...

I think it's pretty likely that this week and next will have a lot happening for the company. Based on cash left at the end of December, I'd be surprised if we got through the next two weeks without a TH for a CR.

Also, it only took us ~4 days to get news from the first hole at Brazil. Tomorrow will be 7 days since the TH started, so quite likely they've completed at least another 2-3 holes in the mean time. If any of these holes have some thicker finds (10-20m thick), then I think there's the chance of a SP rise into the 5's (and this time staying there).

As an example of a ~$1bn market cap company in production in Brazil, here is the drilling results from Sigma Lithium for their deposits not far from us (see below). As you can see, they have multiple holes with area of thickness of 10-20 metres with each of these areas having average grades ~1.5%Li20.

The thickest section we found in our first hole was 5.35m, which is respectable, but we ideally want to see consistent 10-20m finds to really get people believing in the project.

https://www.sigmalithiumresources.com/wp-content/uploads/2021/04/SGMA-1911-NI-43-101-Feasibility-Study.pdf


Apart from Brazil news, based on the recent investor presentation by CG, slide 23 seems to indicate additional news flow is possibly due this week for an update to the MRE for Cloud 9 (and of course we are all hoping that there will be news with thicker and additional lithium finds in Brazil.