Great summary Stumpy!So many positives- only negative at moment...

First 9251 Last

Share
Profile

Follow
Kotaredrew

5,213 Posts.

2755

25/03/23

12:13

Post #: 66956489
Share

Originally posted by stumpjump: ↑

I, like you Cranium, are addicted. I bought another 200k ASN, at 19cents, that I could ill afford, thinking that number was absolute madness for what not only ASN has to offer now but it’s enormous potential. Please take a minute or two to skim through these possibilities:
(1) The results of Western Areas should double their Li C resource to over 2mt.
(2) The huge Green River deposit, even being conservative, will double that to at least 4mt. As Tim advised in his Presentation, “we know what’s down there”.
(3) As Mr Strengths pointed out the Li C price that has been unmercifully hammered to less than half of its highs last year to around $40,000per tonne could be slashed in half again to $20,000 per tonne and we would still meet our DFS financials which are outstanding. Although the opex savings our directors have alluded to of late might have been diluted somewhat by inflation since the DFS, but should still leave a nice buffer there with power costs being reduced considerably.
(4) Offtakes, which are just around the corner should confirm a strong relationship with a minimum of two US EV manufacturers which should lay the groundwork for a DoE and Bank loan.
(5) Sunresin have commercial DLE plants operating successfully throughout the world and have confirmed they can have the necessary plant to us within 9 months of FID.
(6) Once the 4mt resource is confirmed don’t you get the feeling Bruce and Tim would be thinking about increasing the size of plant from that mentioned in the DFS up to around 25ktpa?
(7) As Sunresin have resins now that can seperate bromine, boron, iodine and magnesium, (all commodities that are available in abundance in our resource), that can be utilised further down the track adding hugely to our bottom line.
(8) Later this year we will be drilling our uranium/vanadium resource Yellow Cat which has the potential to bring in financial numbers that could be approaching that of Paradox in a few years time.
(9) Don’t be surprised next year if our West Australian projects including the much vaunted Bull will all be wrapped up in a nice wee bundle and listed under a new identity on the ASX with current ASN shareholders getting a bonus issue of the new shares. This will be almost inevitable if the Bull shows any sort of potential after the drilling which is likely to take place before year’s end.
(10) We have over $40m left in our bank controlled carefully by Bruce and company.
Cheers, Stumpy.

Expand

Great summary Stumpy!
So many positives- only negative at moment is time!

ASN Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
19 Upvote

0 Great analysis

Reply

Top Stories

LML

Lincoln touts its flagship project as key to state government's Green Iron and Steel future

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

ALY

Alchemy signs farm-in agreement with Japanese government for development of WA's Karonie

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 12,070 more messages in this thread...

First 9251 Last

Add ASN (ASX) to my watchlist

(20min delay)
Last 7.8¢		Change 0.000(0.00%)		Mkt cap ! $100.7M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
4	94751	8.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.8¢	137519	5

View Market Depth

No.	Vol.	Price($)
3	136018	0.078
3	51589	0.077
3	203006	0.076
7	686783	0.075
5	204026	0.074

Price($)	Vol.	No.
0.079	965125	6
0.080	772434	6
0.081	976780	5
0.082	300000	1
0.083	450000	2

Last trade - 09.55am 30/09/2024 (20 minute delay)

ASN (ASX) Chart

Day chart unavailable

Great summary Stumpy!So many positives- only negative at moment...

Lincoln touts its flagship project as key to state government's Green Iron and Steel future

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Alchemy signs farm-in agreement with Japanese government for development of WA's Karonie

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Great summary Stumpy!So many positives- only negative at moment...

Top Stories

Lincoln touts its flagship project as key to state government's Green Iron and Steel future

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Alchemy signs farm-in agreement with Japanese government for development of WA's Karonie

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News