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Re: None

Friday, 09/15/2023 11:34:11 AM

Friday, September 15, 2023 11:34:11 AM

Post# of 197549
$SNNAF is a buy here. Elko Project is surrounded on 3 sides by Surge Battery Metals. Surge has produce drill results upwards of 8% Lithium in core samples on their recent drill program making it among the highest levels recorded in lithium bearing clay. An idea of the potential value is the Thacker pass deposit currently under development by Lithium America's (LAC). Sienna is expected to start a maiden drill program to test the new project before the snow makes exploration in the area impossible so that puts the work program in the next 30 days. Permits have been requested so it could start work any day. Company has done no promotion and is trading where they raised cash in the spring. Volumes have been significant since acquiring the new project as lithium clay formations are generally like coal deposits and blanket large areas until they hit limiting factors like faults or bedrock. By all indications, Sienna is in the right location to have some very good results on their drill program. Surge has run 20x and looks like it will keep going for a while. Sienna hasn't run yet and should be good for a double or more and with it trading under 4 cents, it is an easy play for a trade. The other company in the area is Grid Battery Metals who also have had a great run, up significantly without a drill program but lots on promotion. The only company that has not run is Sienna. The company will have a promotional program to run with the drill program so everything that can move it is coming. In addition to the Elko Lithium project the company has several projects in Clayton valley including a brine claim in the deepest part of the basin. Lots of catalysts expected so IMO it is worth a look. (I have shares of Sienna, Surge, Grid and Lithium Americas. This is an area play which should pay well. Do your DD.)
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