ESS 0.00% 50.0¢ essential metals limited

PIO may have hit the bottom at .041. Back up from here, page-57

  1. 6,296 Posts.
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    Rappa I do agree with you.

    However, on the subject of Spodumene blastfurnace is not to messed with.
    Most geo's have their speciality and that is blastfurnace.
    We have had a number of disagreements but never would I disregard his remarks on pegmatite geology.

    When he says he doesn't like the resource people would do well to listen.
    When he says he doesn't like management or something outside geology then no problems to ignore.

    The point is that people do not realize how rare Spodumene is.
    They think you can find pegmatites and your gonna hit the big time.
    Reality is only about one in 100 have lithium of any kind.
    Of those about 1 in 100 have spodumene and the rest are likely mica's or low quality
    The figures are rough but you get the idea.

    DKO are right next to both PLS and AJM and you could spit across the fence.
    They are now looking at a small resource and likely not enough for a mine.
    PIO's nearology is not that close.
    You need in reality about 20mt as a minimum to support a mine.

    It's not about PIO having zero chance it's about the likelihood.
    For Australia imo it's very low and for Canada it's high but that area is a whole new subject
 
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