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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was an upbeat 102-69-139 as the TSX Venture Exchange added 12 points to 551. Michael Hudson's Mawson Gold Corp. (MAW) was busy, as it rose one cent to 40 cents on 3.12 million shares following word it has closed the sale of its Rajapalot cobalt and gold project in Finland to a private company for $6.5-million.

David Greenway's Recharge Resources Ltd. (RR) fell 4.5 cents to 37.5 cents on 251,000 shares. Yesterday, the company rolled out a maiden resource estimate for its Pocitos I and Pocitos II lithium brine projects in northern Argentina. Within hours, the regulators had the company retract mention of the resource supporting a 20-year mine life -- a calculation based on having a 20,000-tonne-per-year plant handling an estimated 414,000 tonnes of lithium carbonate equivalent (LCE).

Recharge led its promotion by applauding an estimated inferred resource estimate of 143,000 tonnes of lithium metal and 760,000 tonnes of lithium carbonate equivalent (LCE), but that calculation -- good for a 38-year mine life at a 100-per-cent-recovery assumption -- comes without a cut-off grade. Once one applies a cut-off grade of 100 milligrams per litre (mg/l), the LCE content drops to 414,000 tonnes. It is unclear why the regulators would object to stating a mine life, as any investor capable of long division can divide the proposed 20,000-tonne-per-year plant capacity into the 414,000-tonne resource to taste the forbidden fruit.

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