STTCOMP 4CE, FA LONG
Lithium explorer in DRC with gold and zinc projects in Australia
Market cap 26-28m fully diluted including vend and options, cash 3.5-3.8m approx. plus 1.2m apprx for option conversion
Two lithium projects in monono-kitololo belt in DRC:
1. A tin producing mine which is 5kms from AVZ. Force will hold 51% interest in the project. This is a cracker acquisition as its not only very close to AVZ and hence becomes a very nice nearology play but it has also excellent value in its own right. 3kms exposed pegmatites are there already with samples returning up to 2% lithium.
2. 30Kms away from AVZ where rock chips returned uo to 2% lithium. Recent acquisition of kitololo and Kiambi projects near AVZ's world class Monono-kitololo project. Forced has started exploration on this lease with James Sullivan conducting trenching and mapping. 11 lines of pitting at 100m intervals with each 1km long for 121 test pits... Seems big to me if comes good.
3. Both projects have mining licences.
On top of this:
1. Lithium - the whole sector is buzzing and its becoming really hard to find a decent junior with small market cap... Every stock is making bags... Force should follow the trend IMO...
2. A cap raise was the main concern IMO. They have recently conducted a cap raise at 5c without any commission or freebies to participants. This has put Force in a very comfortable position IMO to complete their aggressive exploration plans.
3. Funds for infrastructure for AVZ monono has recently been secured which means Force will get advantage by simply being at right place right time.
Anyway as always buy sell or hold based on individual risk appetite.
Cheers
