"Some of these wells are up to four kilometers deep" - True - but ASN's wells are only around 1km deep (correct me if I am wrong) - and tyhe big thing is they have already been drilled, reducing costs significantly to reentry costs.
"the brine needs to be pumped and trucked to a storage site" - False yet again - unless you havent actually read any of the companies releases you will know the ASN brine FREE FLOWS to the surface in ALL wells encountered thus far. Plus it will be piped utilising existing infrastructure to a storage facility which will happen to have a process facility attached to it.
"the lithium has to be separated from all the other impurities which could include uranium, thorium, magnesium and potash" - no different to any other mining process?
"no company has yet been able to do it on a commercial scale" - about the closest truth in this entire statement relevant to ASN. Does that mean however that no company should try? Not saying they will be successful but so far they have important runs on the board with this new tech. I mean isnt that why we develop new technologies - to do things no-one else has yet done?
Might want to look closer at these "experts" and what their real motive is in making a blanket statement over an entire developing industry.
Always welcome alternate views provided correct reference is made so the context of the statement can be determined as well. How do we know this isnt part of a larger statement with a big "however" after the paragraph you quoted. This stock for me is interesting as I believe they could crack the lithium brine code and with their "impurities" such a bromine, iodine, magnesium etc may just be all the more profitable.
Try again....
ASN Price at posting:
7.7¢ Sentiment: None Disclosure: Held
