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Ann: Chile Lithium Brine Presentation, page-68

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ddzx

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09/07/19

09:31

Post #: 39431782
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Originally posted by micky78 ↑

Sorry I was away from my computer, hard to type with mobile.

Sijasx pretty much answered your questions. I think Sijasx is probably right. Directors said "you get higher lithium grade as you move further south". That's BMG's main focus on Salar Atacama at moment (South). The Central and North areas of our Salar Atacama are unlikely to get anything economical.

As Sijasx said "Their theory goes that some of the Lithium has concentrated under the stream on its way to the lower altitude Salar IIRC". That is pretty much right. In theory we may get the highest concentration of lithium.

IMHO Salar de Pajonales is similar to South of Atacama. IMHO we should able to get good grades too. Apparently, geophysics already completed by vendor and it looks very good too. I guess we need to pay for their geophysics or re-do our own geophysics.

Natalie Claim is very interesting. I think it is at centre of lithium brine. If geophysics looks good, we may able to take out more surrounding land. IMHO it is much large than 600 hectares. The license fee for 20,000 hectares we got is about $40,000 per year. We must be very precise on exactly which area to keep. Lithium Chile has 160,000 hectares so it must cost them over $320,000 a year land tax.

@Sijasx " the game plan is to value add to some of the tenements by drilling in order to flip them."
I think so too. It is better for micro-caps to flip assets than develop them. Often you get much better value if you sell it to a large company than try to get finance and develop it. Large companies prefer to focus on mining than exploration. IMHO they will always pay top dollars for assets that are high grade and big deposit. Hopefully we can get highest concentration and a good size deposit.

Several of my past investments have done more than 10 folds return for me. I've never seen any one of my investment actually became a miner.

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thanks Micky. most investors understand the Disallowed value added sell asset to large company stuff

OK. so Salar West looks like a GNL play.

I will do more research on the other two prospects

Regards

BMG Price at posting: 1.1¢ Sentiment: None Disclosure: Held
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Ann: Chile Lithium Brine Presentation, page-68

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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Ann: Chile Lithium Brine Presentation, page-68

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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