AZL General Discussion, page-6903

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8horse

34,353 Posts.

9149

06/04/22

14:26

Post #: 60689006
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Originally posted by GoSpaceMan ↑

8horse is the cheerleader for GLN. He loves the old school 2 year brine evaporation pond technology in high inflation, far away countries. He has been proven wrong on the future of LKE and direct lithium extraction time and time again.

AZL's lithium is likely to stay within the state and GLNs will go from side of the globe to the other.

LAC's main project isn't Argentina, so stop talking out of your ass. Thacker pass will ultimately produce 60,000t LCE per year, that is their main project.

JRL's MC is half AZL's for a reason. Arizona is a mining friendly state, Oregon isn't.

"Lithium mines are NOT easy! especially for those low grade, imo."

Acid leeching is as easy as it gets, unless you prefer meditating for 2 years while your brine evaporates. Calling our grades low is like calling Scottie Pippen a bad player because Michael Jordan was his team mate. For clay we have the second highest grades (1,850 ppm) in the USA. From the other 10 or so clay projects in the USA the average grade is around 1000-1300 ppm. Cypress Development (1,129 ppm) recently announced results from the lithium extraction pilot plant and this is what they had to say about them:

"All primary components of the Pilot Plant are operating to design. The lithium extraction and recovery areas are meeting our expectations and we are very pleased with the optimization changes completed so far"

With a bloated MC of 660m I'm not sure how much growth is left in GLN. You might want to jump ship to a location where domestic sourced lithium is favoured for the country's upcoming EV manufacturing boom.

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Proved wrong... Don't speak too fast.
Like VUL, LKE, and low grade clay projects, have many hurdles to overcome before talking about production, imo.

AZL Price at posting: 19.0¢ Sentiment: None Disclosure: Not Held
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