After reading some funny stuff today from our new non holder, I though I would put up some facts for all to look at.
The silver peak Lithium brine project that Albemarle operates has a feed grade of 300ppm with no Bromine for extra revenue.
Silver Peak Lithium Operations (MRDS #10295160) LI
https://mrdata.usgs.gov/mrds/show-mrds.php?dep_id=10295160
RAW BRINE FEED GRADE IS .03% LI, SOLAR EVAPORATION RAISED THE BRINE TO .6% LI. THE PLANT PUTS OUT THE EQUIVALENT OF 1200 MT/YR LI IN THE FORM OF LI2CO3 1200 DIVIDED
Todays announcement 5 zones averaged out Lithium feed grade calculates to 159.2ppm
Bromine 5 zones averaged out feed grade calculates to 3135ppm
Li spot carbonate price is currently 68,894USD
Br spot price is currently 8,584USD
Equivalent Br to Li grade is almost 20 times the Li grade with the Li price being around 8 times more than Br.
Now if my math's is correct, the equivalent Bromine grade taking into account the Li and Br spot price values, calculates to 398ppm Li
That would make the Equivalent combined Li and Br grade taking into account the two spot prices, at around 557.2ppm Li, and that is feed grade with little to no pumping and heating costs, and lower mineral loss during production compared to other companies brine operations ,with low tax rates and currently in a strong clean environmental and credit position.
And this equivalent figure does not include Boron and potentially Magnesium.
This is why I think ASN is a takeover target for Albemarle, The USA needs a domestic supply, and Albemarle is already there in Nevada next to Utah.
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- Ann: Further Increases in Lithium Grades at Paradox Project
Ann: Further Increases in Lithium Grades at Paradox Project, page-74
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