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6.4¢ anson resources limited

'IF' Hazen are successfull, then there's no reason why ASN can't...

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Tcb007

7,426 Posts.

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11/02/19

17:09

Post #: 37401417
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Originally posted by b!ll ↑

Originally posted by rjohnson1234
Interesting to see;

-the iodine spot price has risen this year and is in the range $26.50 -$28.50 a kilo. On the back of that SQM are increasing their production of Iodine to 23,000 tonnes per annum. That's easier said than done, they want to meet the increasing demand but they have tremendous issues, least of all the terrible rain in Chile

- in 2018 sales of iodine were greater than production, its very simple if there is greater demand than there is supply then the price keeps going up!

- bromine price up nearly 4% in the last 2 months

-demand for bromine is rising steadily

If anson were to announce that hazen has been able to devise a method to successfully extract the bromine and iodine then that wouod be the biggest news yet for this company!

Of all the extra minerals those 2 are very interesting.
Hazen are continuing to optimize the by-product removal sections in parallel to the pilot plant engineering, targeting the recovery of iodine, boron and bromine products.

The “continuing to optimise” part gives me confidence we will be in for some good news - soon!

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'IF' Hazen are successfull, then there's no reason why ASN can't be valued around INR.

ASN Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
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Last 6.4¢		Change 0.001(0.79%)		Mkt cap ! $113.7M

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