RJ and sharetrader, I had a detailed look at ASN. Have you look up what is the price for Boron, borate, bromide, iodine and magnesium? I don't think those minerals worth much, otherwise many companies will be exploring them. You should work out the concentration for each mineral, % of recovery, estimated size of resources, and finally the in-situ value of their minerals. I don't know much about those minerals. I don't think those minerals worth much.
Further, do you know the total volume of ASN brine?
"Anson has an estimated Exploration Target of 85 to 170 million tonnes of brine grading 100 to 500 ppm of lithium for Clastic Zone 31 only."
A company usually put out their biggest zone and best resources. That's not much potential resources.
Lithium is US$12,000 a ton. If ASN has low grade 130ppm lithium, the value of other minerals may not make up for low grade lithium (compare to Salar Dr Atacama 1800 ppm with 22,000 ppm potash).
How many zones are there? What's total volume? What's concentration of each mineral and their prices per kg or tonne? How do you justify ASN $40m market cap?
