Ann: Suspension from Official Quotation, page-11

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20/01/24

10:38

Post #: 71975654
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Originally posted by allatsea: ↑

pulled this from ASN articles:

'brines recovered from the Long Canyon No. 2 well returned an average grade of 187 parts per million (ppm) lithium and 3,793ppm bromine throughout the entire Mississippian Unit, indicating that this massive, supersaturated brine aquifer is lithium and bromine rich.'

'Recent testing of the Long Canyon No.2 well had delivered strong flow rates of up to 180 barrels of brine per hour, up 165% from the original recorded flow rate, while assays confirmed high concentrations of lithium and bromine from both the Clastic Zone 31 and Clastic Zone 17.This proves the ability of the brine reservoir to flow without the use of pumping, which has the potential to not only reduce the cost of extraction but also increase the producible life at Paradox.'

what if MAN got 190 ppm lithium in there limited tests next week? what would we be looking at?

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Been a while , so may as well have a throw at the stumps.

As I understand it 80 -90 PPM will give us a commercial target.. 180 PPM would be exciting , albeit it, only sampling, however one must consider that if it is consistent with ANS numbers , it would indicate the entire system is consistent...If we get that sort of result I am going to guess a MC of between 60 -70 M , about 2.5 times current prices

MAN Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
4 Upvote

1 Great analysis

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