Recyclico Battery Materials Inc. (AMYZF)

[gharma]

I came to this story from my screens for new AZ project startups, and watched quite a while before getting in (darn) but agree.
However, I do think there has been over the past 6-12 months a widening awareness of "strategic" or "critical" resources developing with those first awakened by the rare earth story. That momentum is already there and building.

One thing I very much liked in the new drill release PR is the statement at the end that the $7 million cash on hand is sufficient for most of the known to me activities up to (excluding) feasibility study. That was good news, included pilot plant studies and pre-feasibility.

I am taken two directions by the wildcat holes. I am glad they were done to establish the alluvial fans in the other directions are resource bearing. It always seemed probable that there would be numerous other pipes buried in the deeper sediments. And some of the intersections are very nice by grade. Where I am not too excited is the depth, amount of overburden. All the same those few holes are indicative that widespread decent grade layers are likely of the area, just too be seen if they are economic, i.e. is depth uniformly so deep ?

Still value territory, just hard to assess how the general markets might drive things in the coming weeks, imo.