I was looking at ASN chart. It went from 1c to something like 27c on initial discovery. As I said before, good to get in early at 1c so congratulations. I think ASN can get back up to above 20c again.
Just make sure they can separate each mineral and make concentrate in pure form.
"264ppm for Iodine at a value of US26,500 a ton.4429ppm for Bromine at US5,000 a ton.Li 142ppm from zone 29 at US13,000 a tonZones 17 19 29 33 and 43"
iodine is about twice the price of lithium, so 264ppm is about 520ppm lithium equivalent.
Lithium is 2.6 times the price of bromine, 4429ppm Br is 1700ppm lithium equivalent.
Excluding other minerals, assume they can be make in separate and pure form, total lithium equivalent is 2362ppm. That is far better than GLN and about the same as avg Salar de Atacama (1800ppm Li, 22,000ppm potash).
Hopefully all ASN, GLN and BMG can do well.
I think rock lithium CAPEX and OPEX are too expensive. Most of explorers will struggle to find the finance. Lithium brine is by far cheaper and a few million dollars can easily get to JORC resources and quickly. If you try to find 1 million tones of rock lithium, it will cost you $10m of exploration expenses and several years of exploration (ie several km of diamond and RC drill). The only reason rock lithium is booming is because high lithium price and they can ramp up production quickly. If they ramp up production they shoot themselves in the foot as price collapses and wipes them out.
Now brine developers are using Lilac direct extract to cut time from 2 years to 2 hours. I wouldn't invest in rock lithium no matter how big the resource is. Rock lithium their OPEX is too high (about US$8000 per tonne or higher), if the price of lithium falls and their debt interest goes up they will be bankrupted. I have seen it many years ago with uranium producer Paladine and several high cost copper producers.
