Looking at the map comparisons and the commentary from SEI, I don' t feel any value is in the SEI share price for this project considering ...
"Speciality Metals has focused on salars geologically older but at a lower topographic elevation than the salars where lithium is produced by evaporation of brines pumped from the subsurface, anticipating that evaporation at the lower elevations will favour lower operating costs if SEI’s exploration for lithium brines in the salar is successful. Salar de Bellavista is at an elevation of ~1,000m, at which elevation evaporation is expected to be year-round and faster than at Salar de Atacama (elevation ~2,000m). Except for this difference, the salars that are the focus of SEI’s exploration are geologically similar to the salars already producing lithium or that are known to contain lithium resources.
SEI’s target salars appear to be fed in part from hot springs and the evaporite minerals already produced from the target salars (nitrates and borates) indicate the typical salar closed hydrological basin dominated by evaporation. In addition, the host sediments within the target salars are identical to the sediments that host the lithium brines at higher altitudes and consist of evaporative carbonate-dominated sediments. Strongly anomalous lithium and boron values have been obtained from surface sampling of salt crusts and brines in surface depressions in the area surrounding the Salar de Bellavista and the adjacent Salar de Miraje concessions where the
Company has already been granted 5 exploration concessions"
View attachment 1152714
View attachment 1152711
http://imagesignal.commsec.com.au/d...nZXNpZ25hbC9lcnJvcnBhZ2VzL3BkZmRlbGF5ZWQuanNw
http://imagesignal.commsec.com.au/d...nZXNpZ25hbC9lcnJvcnBhZ2VzL3BkZmRlbGF5ZWQuanNw
http://imagesignal.commsec.com.au/d...nZXNpZ25hbC9lcnJvcnBhZ2VzL3BkZmRlbGF5ZWQuanNw
