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11/09/23
11:41
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Originally posted by michelred:
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Due to XTC's location on the salar, they will probably sit on a much bigger resource than LAKE, which is at the corners. The salar is much deeper in the middle (XTC tenements), and the brine should be of better quality too but also deeper. I would not be surprised if they can pull off a JORC estimate of 12 million tons of brine, which would be one-third more than LAKE so far. Whenever XTC pumps up brine, this could seriously damage Lake's resource because whatever they extract from XTC's position will flow back from Lake into XTC's side. Eventually, Lake could be short of 4 million tons of brine if XTC manages the operation well. Some exciting times are coming. I hope the management can work quickly, and they should be more savvy than Lake, which has become too bureaucratic and inefficient with their funds. XTC drinking Lakes milkshake is more than possible.
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They are doing better than 'working quickly'. they are 'fast-tracking' remember?