No so good as gold, page-3

I don't think DLI is getting into the Au processing business any time. It has some value, how much is yet to be determined. They have (at this stage) stated that the Au is a good addition, but not the end game.

This was the slide from the AGM on the Au resource.



Read into the highlights what you will. It would appear that to get the Au out of the ground is not going to cost too much additional to the Li operation.

Our chairman also stated during the AGM that the Au is potentially something we can use to trade for more Li tenements.



So the question is how much value there is to be had in the Au resource and how that value is realised. The market really isn't in DLI's corner at the moment. But that's not unexpected. The last lot of news in the Post Xmas coma period wasn't what had been hyped up by Flano earlier in the year (even though it's not related to Jamesons) and we have had no news since. So the market is filling in the blanks and retail is chasing those explorers with news flow.

When the drill rigs start turning at Jamesons, then I think we will see a turn-around at a micro-level. From the initial Yinni MRE...


All up our Gold, Li and tenements are being valued at ~120 million MC. Go figure...