ASN 3.57% 13.5¢ anson resources limited

ASN General Discussion, page-290

  1. 86 Posts.
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    I think it will be worth your time going through the company announcements.
    Additionally to TT and Punter88 points, other positive factors I take into account for the paradox project (from memory) are:
    - Their Brine resource has 2 key minerals at decent scale Li and Br. The Br in the brine is at world class ppm’s.
    - Co is making good visible headway on resource expansion drilling. Upgrade to be announced over the next 3months.
    - Positive DLE process test results - from memory 90%+ li recovery.
    - Very positive Novonix test results of their Lithium
    - Worley doing DFS to be released June/July including expanded resource figures.
    - positive jurisdiction and political environment at state and federal levels for the paradox project.
    - Burnvoir appointed to secure funding for project construction.
    - MoU for potential JV or off take for Bromine resource with Tetra. Tetra are a large Br producer already and can bring their process knowledge to the table.
    - The market for Br has potential to significantly expand due to new battery tech. Look at red flow and helium for starters.

    Happy to be corrected by others

    I have a company MC target of 1B by end of 2023. That’s around $1 sp. If it’s only 30c I’ll still be x2 so plenty of upside from here for me.

    I look out for what appears to be well formed commentary from strazza, Chris and gt8.

    Goodluck and imo current SP is very cheap with potentially significant news over next few months.



 
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