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10.5¢ anson resources limited

When an underground resource like brine (or oil) overlaps...

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ps0270

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18

09/11/22

20:33

Post #: 64679962
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Originally posted by Lukkus01: ↑

lets be honest even if panam does exploration and sures up a resource it will most likely be too small for it to economically viable as a standalone project. im sure panam would be well aware of this as they now have access to plenty of data from asn and they are even using it on their website. asn will be stealing their resource from under their feet whether they like it or not given how much of our indicated areas extend into their tenements. the benifit of asn acquiring their land would be having the ability to use the data in the jorc. whether or not it would be good value for money at this stage of the project who knows..... i think asn are more focused on the western strategy first as we may sure up a 2mt+ resource anyway and be able to save our $$$ but i do think if panam were willing to sell for less than $8m it would be good value for money though.

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When an underground resource like brine (or oil) overlaps tenements as is the case with ASN and Pan American how is it decided who can draw from that resource ? As the most likely first to production can ASN just draw whatever they want and bad luck to Pan American ?

ASN Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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