No question its early days having just announced the acquisition, but given:
1. the pegmatite's size,
2. zone structure
3. mineral content (i.e. the discovery potential - Ta/Cs/Rb/Li/etc),
4. the extent of the OGS work to date and planned for '99 (the extent of the analysis to date is noteworthy, not to mention the associated cost savings to HLM),
5. interest to date (investors, analysts, mining journalists, etc.)
...its clear that we will see significant activity on the property before long. I would think the next steps are:
1. Awareness - presentations to brokers/analysts, media coverage, etc.
2. Financing - specific to Pakeagama Lake exploration
3. Exploration - remaining field work (stripping and any sampling/trenching required to define additional drill targets) + an extensive drill program.
The next few weeks could get very interesting - my view is 'its not a matter of whether or not they have Ta, Cs, Rb, Li, etc.', its 'how much and what is the grade'. That may sound speculative, but the geology vis-a-vis others (Tanco, Big Whopper, Bikita, etc.) points in that direction.
DRT |
