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Please have a crack. at 25mil mcap and 14mil in cash, I would...

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Helios11

2,913 Posts.

3847

22/07/22

13:37

Post #: 62676281
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Originally posted by Carl89: ↑

Thanks Bucks,

The issue is there isn't a whole deal of published cross sections and easy to read drill results to do some basic calculations. Looks like resource is shallow but pinches out at depth (based on the 2 rough cross sections I've seen). 2.5 Specific Gravity seems low for pegmatite. I would guess more around the 2.7-2.75 range. Spodumene alone is 3, and quartz is 2.65 and feldspar is 2.6.

I could do some very very rough calcs on strike x Dip depth x width x SG = XXX at XXX % Li2O. But trying to avoid that as sometime complexity in the pinching and swelling of pegmatites makes a big difference.
So just trying to see if anyone here has actually loaded the drilling results and completed a more detailed analysis of what they have so far.
If no one else has I probably will have a crack at it at some point

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Please have a crack.

at 25mil mcap and 14mil in cash, I would love to see your number.

From video presentations, Chris has stated there is at least a couple of millions atm, after depth drilling he reckons we will be over 10mt.

WR1 Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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Last 68.5¢		Change -0.015(2.14%)		Mkt cap ! $148.1M

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