SUM 0.00% 17.5¢ summit minerals limited

Oz's Most Critical Mineral, page-6

  1. 315 Posts.
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    Dusted off my chem set and this is what I found out

    By using Sodium Chloride or Ammonium Sulphate it will show if it's ionic or not.

    Other companies already in this field have been largely separated in m/c because of the simply word ionic
    Quick comparison on where they sit right now

    LYC $6.9B m/c 932 Million shares deposit location W.A. / Low Sovereign Risk / proven ionic

    MEI $353m m/c 1.7 Billion shares deposit location Brazil / High Sovereign Risk / proven ionic

    IXR $86m m/c 3.9 Billion shares deposit location Uganda / High Sovereign Risk / proven ionic

    AR3 $49m m/c 153 Million shares deposit South Australia / Low Sovereign Risk / proven ionic

    MTM $12m m/c 98 Million shares deposit Laverton / WA & Quebec / Canada / Low Sovereign Risk / not proven

    There are 20 - 30 others that are REE's but are not ionic clay therefore making then non feasible

    So even if we make it to AR3 m/c that's 10 bags from here and they don't have Antimony or Lithium

    Another thing to point out that LYC is currently spending $1 Billion on it's Mt Weld hard rock project
    Also it said they they are keeping an eye on anyone else coming up with ionic as they have $1.12 Billion in Cash set aside if something comes up in the right backyard
 
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