Reality is set to bite for the swathe of ASX junior lithium miners
But the reality is that the reality has already bitten. And here are 2 sources of proof as good as any.
1. On 11/5, about 2 weeks before the top of the stock market bubble, SCI announced large pegmatites near Broken Hill, and little else. All hype, promotion, already known to anyone who knows the area, and nothing in it in terms of potential lithium resources. The stock 4 bagged on the day with some help from HC serial rampers.
2. Some 2 months plus after the bubble burst, CXO last week announced a discussion from a maiden hole in the vicinity of historical Ta mining, which shows 60m+ of pegmatite, within which a high resolution photo of chips from 5m shows spodumene crystals probably good for between 1 - 1.5% Li2O in bulk assay. The stock share price falls on the day.
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