I think the key now is to see a average grade of around 180ppm for the Mississippian over the entire Paradox basin area of interest for JORC purposes.
The previous feed grade of 100ppm would have to be at least 150ppm now after all the recent lithium grade increases, I think this would make ASN a target for takeover, particularly by Albemarle, they are into not only lithium production, but also get a large chunk of there revenue from bromine from the lithium bromine brine operations they have, I would suspect that they would be looking for a larger footprint in the USA for the production of both lithium and bromine, and ASN is that perfect fit, along with TETRA as the plant designer and maybe operator, on the bromine side.
In regards to yesterdays trade, I had a good laugh at that seller of about 1.5 million shares into the 12 cent buy line, makes you wonder what some people are thinking.
ASN Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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