Benign Banter & Price Predictions, page-711

Hey Beisha,
I'm a very long term holder and a resource estimation geologist by trade as well. Brine projects are different to other commodities because they are in solution which is mobile as opposed to rock or sediment which is fixed. This means as you draw from a well, you are pulling solution from the surrounding area, potentially outside of the lease. What this means is that estimated resource numbers are fairly meaningless in the traditional sense. Most people in the market don't understand this and expect a resource announced because they think that's the normal process. I can tell you that defining a resource is really just to appease the uneducated. The science behind the chemical process is much more important in this case and that is where the value lies. Argosy have gone about this in exactly the right way and the proof is in their success to date. Hope this helps.