this is a clay deposit and not hard rock as you see in aussie
anything above 500ppm is viable to process. Didn’t you see the 82.5% lithium recovery announcement by acid? Try to do this with hard rock - i think you can not use such cheap technic. So if im not wrong our method to extract lithium is a hell lot cheaper than the entire infrastructure that’s required to process hard rock. So with 500ppm in a clay deposit you can earn good money. Just need a lot of it and we got so far 3000m of hits.. and counting
im not an expert at all but that’s what my own research
told me. But in my opinion the market is reading this mustang discovery wrong so far. Then I’m somehow sure what we found there so far by scratching a few holes in the area is worth far more than our MC, i hope rmx secures an extra land permit to left side of the current drill holes and we can just hope to find more ppm to make this a nice large junk of clay deposit ( and perhaps a bit more concentration of ppm to find a better starting point to where do we a actually start “mining/processing”
again just my opinion/ understanding/ and don’t compare to 1% + lithium of hard rock deposits - can not, but perhaps someone knows the right Formular how much $$ out of 500ppm vs 1% lithium tons processed… or whatever the right comparison is.
no investment advice - good luck to all.
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PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
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