Australia's largest stock trading and investment forum Australia's #1 stock forum

AMN

Click for more information

7.41%

14.5¢ agrimin limited

Are you sure about how the trenches will recharge? Clearly there...

First 16 Last

Share
Profile

Follow
sevo

3,933 Posts.

46

09/03/18

17:40

Post #: 31652441
Share

Originally posted by ceh2009 ↑

Everything in your post is wrong. You need to stop applying the same logic and understanding that you use for hard rock mining projects.

(1) If they are producing all year round then they will need to produce in the wet season. If they were only producing during the dry then you might be correct. Assessing the impact of rain water ingress (=dilution) is correct. To ignore the impact of the wet season would be silly.

(2) Depth of the trench has nothing to do with the amount of brine you can recover. That is governed by grade and recharge rate, the latter being the bit you are not appreciating.

(3) Cut off is not a useful concept in a brine project. Average grade across the trenches is what’s important. If one is concentrated and the other dilute then you’ll get the mix (unless you shut down the dilute trench).

Try and think about it not like a hard rock project.

Expand

Are you sure about how the trenches will recharge?
Clearly there will be surface run off and lateral seepage but do you think brine will flow vertically up?
Why do these companies talk about resource to a certain depth if according to you the resource below is accessible by trench above?

AMN Price at posting: 87.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

NWH

"A punch in the face": HotCopper users unhappy with NOVONIX's 60cps raise

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 10 more messages in this thread...

First 16 Last

Add AMN (ASX) to my watchlist

(20min delay)
Last 14.5¢		Change 0.010(7.41%)		Mkt cap ! $60.70M

Open	High	Low	Value	Volume
13.5¢	14.5¢	13.5¢	$4.941K	35.18K

Buyers (Bids)

No.	Vol.	Price($)
2	21467	13.5¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	51310	1

View Market Depth

No.	Vol.	Price($)
1	5555	0.180
1	30979	0.175
5	69411	0.170
2	106061	0.165
2	18611	0.160

Price($)	Vol.	No.
0.190	10525	1
0.195	28699	1
0.200	10206	2
0.205	15888	2
0.210	8238	1

Last trade - 13.05pm 26/11/2024 (20 minute delay)

AMN (ASX) Chart