Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
So A5 was 120 meters of pay off the top of my head. As we got to A8 it was in the 50's meters we thought they must be at the edge. So with the additional 90 meters that's not the edge. I think this goes into the additional property we bought and it's bigger that 52 sq Km thoughts? My memory is bad but I think that was the discussion a few years back.
Another news flow item that may come out of nowhere. They new shallow structure they drilled. Then had water problems. Said they were working on it. Then standard RADIO silence. It is most likely sitting idle. With more cash they might try to fix the well or even drill a horizontal leg. That would be nice. Another MJF structure.
There are a dozen such areas on our land to drill. That's why I can't figure out them always looking for more. I guess we are a cattle company as the grass is always greener on the other property.
I need 5.8 pence to get to even hopefully that happens soon so I can start making big money in 2022.
Somm I would definitely love the boooom part. Any other small oil company finding 90 meters would have doubled today. One interval flowing in this and then we might finally catch a rocket ship. This is huge if we bring in a major partner. They will pay on the math not the current stock price. Last offer was 17 pence.