ASN 0.00% 10.5¢ anson resources limited

Ann: Anson Progresses Bromine/Lithium Plant with Site Approval, page-14

  1. 10,537 Posts.
    lightbulb Created with Sketch. 2092
    The targeted average grade of Lithium is 200ppm.
    The targeted average grade of Bromine is 4000ppm.
    Bromine sells for about 50% of the price of Lithium.
    Bromine is cheaper to produce compared to Lithium.
    Working of the above figures the in ground Lithium is only valued at about 10% of the Bromine.
    So lets say 100 million dollars worth of Bromine is sold at a profit of ? with 10 million dollars worth of Lithium lost in waist water that would have cost x amount to produce.
    Bromine profits can then be used to build other section of the plant or plants to produce other minerals saving shareholder a lot of dilution ,meaning more profits per share unit held.
    So who cares about a pissy amount of other mineral loss while the company makes some coin.
 
watchlist Created with Sketch. Add ASN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.