ASN General Discussion, page-5042

cxo has a jorc resource of 193500t Li02 multiply that by 5.32 to get lce and the current resource is 1,029,420t lce. crazy how our resource is actually bigger than cxo and our mkt cap is 1/10th of the size.

the thing i think has always held asn back is the low grade, for anyone that doubts it can be economically viable with low grade go have a look at compass minerals, also in utah and now fully funded. the average grade they have is 70ppm li and yes they will be using a hybrid evap/dle to raise the ppm to 385 prior to dle but the financials are still there. the dle we have selected has already been proven at scale with many different brines including brines with low grades so it carries a significantly lower risk than other dle providers.

perhaps having a pilot plant onsite to prove the process would give investors more confidence but i think they have opted not to for good reason, why spend millions of dollars to prove a process that is already proven?