GNM 4.17% 1.2¢ great northern minerals limited

Research Notes on GPP Guyana Morabisi Project, Coal to Liquids Project & SOP projects, page-741

  1. 6,750 Posts.
    lightbulb Created with Sketch. 4220
    I'll tried to keep this brief because it is a waste of time on some but......
    The discovery of the REE wasn't / isn't the issue, the issue IS that the company indicated on numerous occasions they were expecting more Lithium assay results and although they did produce some, there are still a lot missing. As you have assured me a couple of times that there are no more Lithium results coming, then I can only conclude that the company must of gotten confused when writing up their announcements.
    As for being totally committed to Lithium, then I can only assume that you have another source of information as it is in no way shape or form indicated in any of the companies announcements or 3rd party news articles of that commitment.

    I did read all the announcements in regards to the clay, there was a mention of it in 4 of their announcements since the 20th September 2016.
    It was first mentioned in there announcement 7th March 2017, where 2km West from base camp they discovered an approximate 20m wide zone, which because of the weathering, they were waiting assays from the sample taken. Exploration East of Base camp also discovered 4 white clay zones similar to what was found in the west of base camp.
    http://www.asx.com.au/asxpdf/20170307/pdf/43glrd8c1cqyht.pdf

    The 23rd of March announcement was the 2nd time white clay zones were mentioned with the West Ridge width increasing significantly with it going from 20m to 30m.
    23 grab samples taken from white clay zones.
    http://www.asx.com.au/asxpdf/20170323/pdf/43gzsn36cv2pf1.pdf

    Clay was mentioned again in an announcement on the 30th March 2017, but it was only reporting that 4 clay samples (not rock) displayed low levels of Lithium.
    http://www.asx.com.au/asxpdf/20170330/pdf/43h4sygxhks6rk.pdf

    And finally it was mentioned in the announcement on the 2nd of June 2017, as part of the summary of 20km Ridge.
    http://www.asx.com.au/asxpdf/20170602/pdf/43jpbk849fvm40.pdf

    So what I call "white clay" is apparently what GPP's management have been calling "white clay" so if you can conclude anything other than it being "white clay" from there announcements then I would like to know your thesis. Bearing in mind, sitting around discussing kaolin clay because of a single mention to it in an announcement and some over excited poster provided information on it, doesn't constitute what is there at Morabisi. As well as Kaolin doesn't necessarily infer spodumene and the 4 clay samples to date also indicate little lithium......
    Thus far, the only Lithium found are the 5 returned assays results.

    As for research, well, I have done some research and it was probably nowhere near enough but I didn't jump in to GPP on the tip on a persons twitter account or the fact the Borg was going to be the geo.
    I can really understand your angst, there won't be too many share holders showing green on GPP at the moment, but as you respectfully asked I read all the announcements which it is obvious I have because of the supplied links etc, I could respectfully ask that you could provide support to why you can make assertions that GPP's main focus is Lithium in Morabisi when the companies own representatives don't agree.
    In case you missed it.....
    https://guyanachronicle.com/2017/06/28/australian-firm-to-set-up-lithium-mines

    In which John Watts says "“If everything is good at the end of the second phase, then we start looking into the feasibility studies to put either the Lithium or rare earth into production,” he said.
    Watts added, “the best way is the cheapest, most economic, most socially acceptable and environmentally friendly.”
    That statement indicates uncertainty to me, but we shall wait for the announcements to get us going. I really don't expect much from phase II though and it will be a long 5 months waiting for information to come in, thats of course if they can get going as soon as the wet season lets them.

    There is an upside though, there are 150k people viewing the thread.......

    cheers
 
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