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3.3¢ strike resources limited

News: SRK Strike Resources Announces Acquisition Of A 90% Interest Prospective Lithium Concessions, page-14

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gizard

18,989 Posts.

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15/03/19

12:05

Post #: 37773297
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Originally posted by Bolics ↑

The concessions SRK has acquired are adjacent to and surrounded by producing concessions held by Orocobre ($1B) and Lithium Americas ($500m+).

These players were rewarded with first mover advantage and grabbed the obvious low lying salt lake areas known to contain the lithium brine. Orocobre has been producing since 2015.

Drilling by companies such as GLN have now proven that in similar area's the aquifer bearing the lithium extends beyond the visible limits of the salt lakes....and well beyond.

So the way I see this playing out is similar to what happened in GLN. SRK will bed down the acquisition and put in a view drill holes.

Once they prove the aquifer flows under their concessions SRK have a strategic holding in a proven area surrounded by producers.

I am holding for the drilling, and the excitement that follows. Seems a proven play to me...and I am thinking Khan and Co who own 40%+ have well and truly done their homework.

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https://www.orocobre.com/operations/salar-de-olaroz/

grade of brine

SRK Price at posting: 9.5¢ Sentiment: Hold Disclosure: Held
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