Rincon -"Use it or lose it!", page-8

@billy, it's funny you should post this as I was also doing some research the other day. I was recently sent a link from a mate heavily into PLS. We often banter about hard rock and brine, but at the end of the day we both know we are onto winners.

The link my mate sent was a radio interview with a guy called Mike Beck and he goes through his reasoning as to why we are entering a perfect storm for Lithium. He's a brine man. Here's the link should you like to listen to it :



Towards the end you'll here him asked whether he has a company that he would recommend to invest in. He mentions a company called LSC, a Canadian listed Lithium exploration company.

I did a little digging in to find out about them as he mentions how they have just bought up 300,000 hectares of tenements on various salars in Argentina. This 300,000 hectares equates to the equivalent of all other land held by all other players in Argentina. Here is their website : LSC Lithium Corporation - Home

As I read further about each of their tenements I realised something, and that is that they almost always mention that the brine from each of their salars will be processed at Enirgi's DXP processing plant at Salar del Rincon.

On their homepage they state that they have a comprehensive growth strategy and a strategic partner that has a proprietary processing technology that seeks to revolutionise the lithium industry.

https://www.lsclithium.com/Home/default.aspx

LSC mention at the bottom of each page related to each salar how they are expecting to utilise Enirgi's DXP process. See below link and scroll to bottom of the page:

https://www.lsclithium.com/properties/rio-grande/default.aspx

Now, from the research that a lot of people have done regarding Enirgi's plant, and we believe it is fair to say that there's a fair chance that its not economically viable, where are our friends at LSC, that have 300,000 hectares across these salars with all this brine, going to go searching for a solution to process it?

Remember, the largest land owners of salars containing brines in Argentina. More than everyone else combined.

The other thing that was interesting was that Wayne Richardson was the CEO of LSC, helping it get a foothold in Argentina, and also the CEO & President for Enirgi. In July, he announced he was resigning from the role at LSC to concentrate on the growth of Enirgi Group.

https://www.lsclithium.com/investor...n-and-Appointment-of-Interim-CEO/default.aspx

He finished up with LSC in the last two weeks. Also, I just noticed that if you go onto Enirgi's website, Wayne is no longer the CEO & President for them either. A Tim Goldsmith is the interim CEO & President, so he has left Enirgi as well (or was he pushed??).

http://www.enirgi.com/about-us/corporate-governance/

So it appears that there may have been a bit of a reshuffle at Enirgi. As we said before, if the technology was a success, wouldn't Enirgi be shouting it from the rooftops. Would Wayne leave if they had a successful technology that was going to change the face of the lithium brine world? I would imagine he'd be around for the credit.

So where does this leave the tenements that Enirgi (Sentient) own at Salar del Rincon?

And where does this leave LSC with all this brine and nowhere and no-one to process it?

Was that a knock at the door?? It certainly won't be Avon calling.

Remember, these are all assumptions and dot joining based on my research, plus that of others, but definitely something to ponder.

If nothing else, enjoy the podcast.

GLTAH & DYOR