ASN 4.69% 6.1¢ anson resources limited

Good old fireside chat, page-10868

  1. 1,066 Posts.
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    I donot think all shareholders understand how unique ASN is if JORC finalized to prove ASN own world class big size minerals including lithium. 

    I think shareholder should have a big picture about ASN rather than focus on pilot plant. For me, the most important thing for ASN is Re-entries, to prove how big the size of the whole minerals. As from CC well, ASN obtain high concentration of Br, I, B and Mg, if the size of each mineral has mining life more than 15 years to 20 years, ASN Might be an sleeping mining giant. 

    If the size of ASN mining big enough, the most important job for ASN is 
    1. Find a O/Ter
    2. Find a parter
    3. Sell the whole project to big players, eg. Albemarle, 
    Rather than building a pilot plant. 

    Reasons, 

    1. ASN only has 2.8 m in account end of last quarter, if building pilot plant, each mineral need seperate plant or section, so, the money would spend very quick and may need another CR. 

    2. Lilac tech risk, coz ASN is the first one to build pilot plant utilizing Lilac tech. 

    What to do for ASN?

    1. Focus on JORC, then hire professionals to visit ASN project to do a comprehensive research, and write a study report, post on the press or any MEDIA. 

    2. Talking to the big players, as I donot think the big players know ASN enough,  so can we bring the detailed info about paradox basin project to contact them, eg, Albemarle. 

    3. Why I choose ALB, coz ALB is a US based company. ALB is not only the biggest lithium player on the plant, but produce other minerals as well, such as Br. ALB has abundant of money in their account, and Br bring huge profit to ALB, more important, the company always want to expand their business. 

    4. ASN located in US, and US tax rate reduced to around to 25%, many US company announced to bring overseas income back to US, eg. Apple, setting up a business in US would be a wise choice, ALB should know. 

    I just roughly wrote some of idea, maybe has some mistake or bias, please correct me, if I were wrong. And also, if ASN mgt is interesting in my talking, they should do more deep research. 

    Some link abou ABL, 

    https://www.google.com.au/amp/s/www.fool.com/amp/investing/2019/02/21/heres-why-albemarle-rose-as-much-as-111-today.aspx

    https://www.albemarle.com/news/albemarle-continues-double-digit-growth-in-first-quarter-on-strong-lithium-results

    Last edited by newbie2016: 25/02/19
 
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