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11.5¢ power minerals limited

I'm more interested in Verde and the prospect of Ultra...

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adamtaylortcd

360 Posts.

177

07/06/23

09:25

Post #: 68167015
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Originally posted by HCmbr: ↑

Hi @adamtaylortcd,

Thanks for the tip.
The Ultra report February 28, 2023 ( URL ) is very interesting.

It reports on a single hole (LV22-04 : -25.31425, -67.9654722 ) located in the center of the salar.
IMO the lab results look very good, but there is no pumping test result, so the productivity of the salar remains untested.

The exhibit ( URL ) is both interesting and illegible. It seems to show the "volume" (depth and area) of the salar.

There appears to be no mention of the Octy salars. They represent 80% of the area purchased, and compared to Laguna Verde,
appear to experience a completely different source of inflow and climate (180m , Hot semi-arid steppe).
GoogleMaps has a photo within the Octy leases ( -29.983415178114264, -65.18953039164593 URL ), location not assured.

Nevertheless PNN knows that this deal has to be "sold" to SH. There must be accountabilities. So the technical details must
be "read" into PNN announcements. Any documents on the Ultra web site site might be gone tomorrow.

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I'm more interested in Verde and the prospect of Ultra having to generate 2Mt at 350ppm to get their performance rights converted. Octy is a potential nice to have for the future

PNN Price at posting: 47.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

1 Great analysis

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