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14:28
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Originally posted by micky78
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"As to BMG I worry they are not going very fast, they are talking about drilling in the next 12 months, they could have the best resource but if they aint going to drill it, then I aint going to make money which is why we are here."JORC resources this year.Drill starts late March and April waiting for approval from government. Should get approved. Believe or not the driest area on Earth, roads actually flooded. This can actually boost lithium price as SQM's evaporation ponds are flooded. That's why Lilac extraction is so much better. That's why a slight delay on geophysics (due to flood).BMG already done geophysics on Salar West and got 600-700 million cubic litres of low resistance brine (less than 2 omh). Than they took out more claims where brine extension is located at free of charge. Now they are doing geophysics on new section of their claim. This new extension brine claim could host another 700 million cubic litres of low resistance lithium brine. This new claim areas is direct extension of brine not another Salar far away. Good infrastructure and near the port. Argentina brine producers will need Chilean port to export their products.Hopefully BMG can get to 1-1.4 billion cubic litres of lithium brine, SG 1.2-1.4, 1000-1800 ppm lithium and over 10,000-22000 ppm potash on salar West.
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Just about every single lithium investor has looked at BMG....Do check out GLN last weeks drilling results. $385 AUD.
