Ann: Extension of Massive Intersections of Brine at Solaroz, page-72

Exactly. This is not a classic nearology play but a confirmed continuity play. Ake and lac has enough data to conclude at this point whether these would provide an immediate extension to their existing reserves. It's the same salar and ake had already targeted exploration surrounding lel tenements at Mario Angel. Ake surrounds all the concessions except for Payo 1, which is between lac and ake. Has anyone seen such a situation where a significant resource is unfolding within the same salar of 2 major lithium producers. Basically adding lel concessions is an immediate sugar hit to the reserves of both majors. Currently valued around 100 mil, the longer they take to evaluate the greater the price. So by the time the dle and evaporation ponds flowcharts are concluded along with jorc, the mc could be closer to 300 mil than 100 mil and take overs will be more costly.