Originally posted by 1sharetrader1
Micky78 ,thanks for understanding what I was getting at with the overall potential equivalent value of the brine.
And yes ,Lilac or one of the other similar newly developed tech is the future for brine extraction and processing and will eventually put hard rock miners under stress ,unless the Lithium price keeps going up or at least holds its price.
My hope and expectations for ASN ,is that the Li grade will increase significantly over these next two holes with the other minerals being similar or higher in grade to the previously tested holes ,if that happens ,the Lithium investors will flood in.
Yes, agree with you sharetrader.
i think ASN, GLN and BMG have excellent potential to do well. If BMG gets excellent maiden drill results in over 1000ppm Lithium and 10,000ppm potash. IMHO it might rocket 10 folds or more like ASN from 1c to 28c.
ASN directors need to convert all minerals into lithium equivalent in ppm. Initially, before you explained to me, I have no idea now much each mineral worth. It is so hard to find how much each mineral worth unlike copper and gold you can easily look up.
For example in Salar de Atacama where BMG about to drill, avg grade is 1800ppm lithium and 22,000ppm potash. Potash in 2018/2019 is USD$370 per ton, so lithium equivalent is about 2400ppm. ASN should talk more about how much each mineral worth, otherwise known investors will quickly overlook the company like I did thinking ASN has only 120ppm lithium which by itself is not very attractive to invest. They need to convert to lithium equivalent otherwise too hard for investors to bother calculating.
Congratulations on buy in ASN at 1c. I wish I had bought some at 1c. I generally overlook USA brine because of low lithium grades especially those companies in Nevada.
