Just following up on this post I have been trying to find a...

First 117 Last

Share
Profile

Follow
thunder54

5,578 Posts.

50

18/12/17

15:12

Post #: 29711294
Share

Originally posted by thunder54 ↑

So I have been trying to educate myself alittle on brine as it's not my specialty, to see what the chances are if you hit something on one side of a salar what are the chances you hit the same thing on the other side.

I found some interesting information by looking at other project, this slide I found particularly interesting.
View attachment 879209
It's showing that the brine deposits are made up of porous halite (salt) and black sands the blue and yellow, on the sides and underneath they have thicker sands to cemented sand which dont hold brine.

So step one you need to be hitting hatlie and porous sands and that exactly what we hit, halite and unconsolidated sands.
View attachment 879239
So if we look at that cross section from above it looks like so.
View attachment 879242
Here you can clearly see the marginal zone with the thicker sands that host less brine as they turn to the halite zones which host the best brine, so if we look at two drill holes within the nucleus zone how do they fair?
View attachment 879260

Here we can see two holes CO4 and C14 both drilled at opposite ends of the halite zone some I estimate somewhere around 13km apart, both producing high grade results.

Now I went through and looked at some other salars aswell.
View attachment 879263
View attachment 879266
View attachment 879269

It seems pretty consistent to me that if you produce a good result on one part of the salar that other parts of the salar as long as you are hitting the same halite and unconsolidated sand, you will also produce a good result on the other part of the salar.

I see no information that indicates we shouldn't produce a result as good or better than what AGY have produced so far, we are hitting the same halite zone they are.
View attachment 879275
Yes I have copped an ear full from AGY holders about how AGY is much better and has a better technical team and this and that sure I don't disagree, but they also have a Mcap 10x bigger than PNN to account for that, I think we have abit of upside in us.

Disclaimer I am a new comer to brine projects, so forgive me I am learning I might be soft knowledge wise in some spots, gold/copper is my main game, but these dots they seem to join up pretty well to me.

Expand

Just following up on this post I have been trying to find a similar picture on Ricon to what I found for these other companies that shows the brine body below it, so we can see where is marginal zone and where is the nucleus zone.

Well I finally tracked one down, just now.

So where does that leave PNN.

I placed two orange dots where our two drill holes and it looks to me like we are good we have a straw in the bowl of soup.

I also found something interesting as to how big this bowl of soup is.

Hundreds of years worth of production in that lake for everybody, no need to fight with AGY or anyone for it, and $44 billion number that was when it's was $6k per tonne it's running $22k per tonne these days.

Found a few more drill holes aswell that support the brine grade seems consistent throughout.

We situated to the right side of that diagram I can't find any drill holes exactly on top of where we are drilling, but they are pretty dam close and well away from AGY.

I doubled down today this combined with the MD's interview this morning thinks are looking really good.

Last edited by thunder54: 18/12/17

PNN Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
35 Upvote

0 Great analysis

Reply