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Gold/Mining/Energy : The Molybdenum Discussion Board
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From: james flannigan9/19/2007 12:09:29 PM
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From: james flannigan 9/19/2007 9:50:47 AM
Read Replies (1) of 2933

LTH THE FAT ORE BODY THAT IS ABOUT TO GET A LOT FATTER. After reviewing the notes I took in my conversation with Lithics CEO Chris Staaggard, I have come to the conclusion that the first (2000 ft) holes to be reported in the next few weeks have offered a no risk situation for buyers of LTH stock.This is due to the fact that they have been sunk into the historic resource rather than some off ore place that could offer risk to exploration or no mineral hit.This is very good for shareholders as the first holes will grab market attention as they will have zinc and moly in them.The interesting thing is the Kennecott geologist remarked about the hole that was never sent for assay were his foot notes describe the 60 ft intercept of what he thought would grade as high as 5% moly.If we get that 60 foot hit of moly in twin hole,we are no longer talking about just a large zinc deposit.But two deposits with high grade zinc at the top and high grade moly at the bottom.This would put LTH "on the map" of investors.To date the market in general has not even taken note of this JR that already has a company making deposit of zinc never mind that it is likely that the moly could have ten times the situ value if those 60 ft grades are in the range of the geologist remarks. I think that the EU tour will attract some metal funds and retail investors to this play. The seller of LTH stock today is about to get a lesson in selling something that is about to get a lot more valuable.We have over one half million or about 1.5% of LTH outstanding stock,and are buying every day. James
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