This is entirely driven (IMHO) by funding issues. Was mentioned in earlier AM7 commentary that CAPEX for Swanson was around $10M. Could be a mixture of debt, equity, off take agreement and equipment leases. Drilling at Bitterwasser will be very cheap and mostly shallow. Believe that earlier studies put the tantalite claypan resources on surface and to a depth of 10 meters or more. Read that the brines start at around 50 meters and the current EM penetration is to a depth of 300 meters. So early-stage drilling of the lithium brine formation will be very economical.
AM7 Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
