GXY.
Re Bankeable feasiblity Study....
Galaxy Resources (GXY),
Good idea to get the; Bona Fides, that is for sure !!
Well it (Mt Cattling Lithium/Tantalum Mineral Deposit); certainly already has; as a matter of objective record; at the very least; now gone past:
(1) Getting a Tenanment
(2) Having a 'look see' and a bit of exploring.
(3) Going through Old 1970's dusty drilling reports; in a Balcatta office rusty filing cabinet; that could not get any further thirty years ago.
(3) Aerial Magnetic Surveys in the Helicopter.
(4) Normal Drilling Holes.
(5) Diamond Drilling Holes.
(6) Inferred JORC.
(7) Indicated JORC
(8) Measured JORC.
(9) Pre Feasiblity Study.....
So with Galaxy Resources (GXY) now at the preparation for the Bankeable Feasbility Study Stage ; and not the usual; "poke and hope"; or the sort of "funnies" we see attached to some sprukey pump and dump Press Releases; with a few loose iron ore somewhere near the Pilbarra Pub rock samples; one can at least state that at a mere $28 Million Market Cap; GXY is lookig at least; "fair to middling"; on the scale of the 400 ++ Mining Hopefuls' that may ever or ever; become a producing Economic 10 year + Mine.
PS. In terms of Independence; the independent third Party External Standard overseen by a professional Geological Society Commitee; JORC regime has got to at least; get past the Geological Institue; especially at the Indicated and Measured JORC Level.
Plainly Galaxy has achieved this level of crediblity and Resourece Regognition status.
Trying to get a false Measured JORC Status, would be very hard to dol like as per the; old false ID driving Licence on the Office Photo-Copier; to instead use the white paint and put your company name on a stolen Measured JORC set of papers...!!.
And that goes for both sides of the Resource delineation.
ie: Both (a) Quantity (how many tonnes), and the (b) Quality of the Tantalum and Lithium Industrial Minerals as a serious mineable Resource and the grade/quality of the Minerals being Claimed for....(ie: Grade & Quantum ).
Basically JORC in Australia; cannot be just an internal "dodgy brothers" job.
Kind Regards,
Robbo .
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