Of course the grade is important. I estimate that the grade of the currently defined mineralisation is about 1.4% Li2O, if you look at the NI 43 Report by Stockport
http://www.stockportexploration.com/i/pdf/reports/Seymour_43-101_2010.pdf
They state that the mineralised zones average 1.45%, so allowing for dilution/modelling I get about 1.4% (Which is quite good)
But a 2-3MT mine at 1.4% Li2O won't fly - hence the need to define more mineralisation.
The work currently being done by ADV is due diligence drilling, probably trying to verify the best historical intercepts, so you shouldn't assume that work will be representative of the whole modelled resource.
Thoughts?, page-4
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