Originally posted by 1sharetrader1
I also like GLN because of the high Li grade and that they may be looking at a decent size resource ,negatives for me is the location and the fact they most likely would only process Lithium.
If I was ever to invest in a country I do not like it would be because I like GLN.
I normally only invest in Australia USA and Canada.
ASN is clearly the outstanding brine stock on the ASX at the moment for me ,with a brine in the USA that has high to the highest grades of B Br I Mg and Li so far at 142ppm ,to be updated after the next two drill holes not far from historically high Li grades of 500ppm and 1700ppm.
So far it has been proven that I Br and Li can be extracted from the brine with plant design now advancing.
I do not know of any other company in the world that is producing so many minerals from the same brine resource let alone from a brine that contains some minerals on top of the Lithium that is at or the highest grades in the world.
So if ASN achieves its goal to process some or all of the additional minerals on top of the Lithium ,the company will end up being far ahead of most other companies in the world.
Sharetrader, ASN lithium concentration is too low. If lithium price drops it will not be economical to mine.
I thought a good brine project suppose to have high concentration of lithium, potassium as by product credits and low concentration of magnesium.
BMG Chilean brine project which they are about to drill, we might get around 1500 mg per litre lithium and high grade potassium as by product. In Salar De Atacama, the average grade is over 1800 mg per litre of lithium, 22,000 mg per litre of potassium and lithium to magnesium ratio is about 4 to 6 (the lower the ratio is better). GLN has really low ratio.
Given BMG market cap is only $3.5m, even if they only get 500 to 1000 mg per litre of lithium (ie extremely low concentration for Salar de Atacama standard), IMHO BMG can easily get to $12m market cap (about 3c per share from 0.7c).
IMHO I wouldn't surprise to see BMG gets 1500 mg per litre lithium and 10,000 mg per litre potassium. IMHO this will send BMG share price rocket several folds, possibly to 6c.
They estimated BMG Salar South has brine volume about 700 million cubic metres. They are doing geophysics of their new area (see presentation), which may increase the size to 1.4 billion cubic metres. If they get 1000 mg per litre of lithium and specific gravity about 1.2, 1.4 billion cubic metres of volume, we are looking at 2 million tonnes of lithium.
if you do a detail research on their other sites (Natalie and Salar de Paganole, I can't spell), you will find they are pretty good too.
Wealth Minerals listed in TSX valued at about $60 million. They paid US$15 million in cash and about $10 million in scripts for only Salar de Atacama for 40,000 hectares). BMG deal very little is paid to vendor, most of that goes to exploration cost.
Chile is a mining country (copper, gold and lithium). I read a report saying in Argentina they cannot find qualified engineer to work on lithium brine and very few engineers are willing to go there without paying massive salaries.
BHP, RIO, SQM etc have been in Chile for very long time.
I don't know much about ASN. IMHO I will stay away from US brine in Neveda.
