Good old fireside chat, page-184

Interesting week indeed, a few Li stocks were somewhat flat today though. With only a few weeks to go until we (should) have a green light on the drill permit, given we have the cash in play with then we should see some pretty quick progress.

IMO we have slowly drifted south down to ~CR value of 3c, hopefully there is some accumulation at ~4c so that we will have a good platform to launch from over the next few months.

Remember that only ~4 weeks ago, it was announced that ASN had meetings in China with several interested parties to discuss their interest in the signing off-take agreements for the supply of lithium from ASN. This resulted in not one, but THREE MOU's to enter into detailed negotiations for the supply of lithium (IMO offtake agreements).

They were with:
- Link Data Technologies Co. Ltd
- Far East First New Energy Co. Ltd
- CBAK Power Battery Co. Ltd

Once we get drilling then I expect that we will see some progress on these hopefully leading to a offtake agreement. The competition to lock up supplies is fierce at the moment, in all Li stocks I have been watching, as soon as an offtake agreement is in play, the SP tends to move north...

An interesting article which I was referred to today also features a write up on ASN:
https://smallcaps.com.au/lithium-stocks-asx-ultimate-guide/

Some key points.

"Just a couple of years ago in 2015, the annual lithium market was estimated to be 170,000 tonnes, with up to 40 per cent of that used in lithium ion-batteries.
That demand is forecast to reach 270,000 to 340,000 tonnes by 2020 with lithium-ion batteries swallowing more than half of the supply.
By 2025, demand is set to reach between 500,000 and 600,000 tonnes, with lithium-ion batteries accounting for up to 70 per cent of demand"

" The Paradox Brine Project is Anson Resources’ flagship project. It is a subterranean pressurised brine (SPB) and consists of 291 placer claims covering 2,234 hectares, located in the Paradox Basin, 300km from Salt Lake City in Utah. Very high lithium brine grades have been produced in the area, along with other minerals such as Bromine, Boron, Iodine and Magnesium. The pressurised brine was first discovered during oil drilling and is so pressurised that it often flows to the surface. The project is located only 11 hours’ drive from the Tesla Giga Factory and is accessible year round by major sealed roads and rail.
An aggressive exploration schedule began this year, allowing Anson to fast track the progression of the Paradox Brine Project."