Grades are important. The higher the better. However one needs to be very careful when comparing Seymour lake to other lithium projects in Oz as this has geographical advantage in regards to infrastructure, logistics, pro mining jurisdiction, proximity to Tesla and ev hub and from a project characteristic of depth to drill. Further the resource size is ever expanding.
Further you seem to restrict advertising to a mere one project play - 1 others in root lake and a graphite resource. There is also further stakes in Seymour and root bay is a greenfield. Hence there is nothing wrong with 1-1.5% assay results though 2 plus would put a rocket under ADV. one needs to look at the overall metrics not just focus on one element. As an example look at LTR - low grades for its drill depth and logistical requirement will make it tough economically especially if competitors like cxo have better metrics. Hard rock mineral is more capital intensive than brine - hence the greater one can lower the other metrics the more economical the prospect.
So we wait for the assays in Seymour and the ongoing drilling. Mate if if we get 2 plus percent watch this sp start rising pre results as we all know how the market works.
We also await commencement of graphite drilling program.
ADV Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held
