Drilling, extracting and depositing brine was a regular practice with known costs in Saskatchewan. Anyone can now claim one of those played-out holes, sign up with a chemical company and buy a pump. Takes about $7 million capital to start, not the $80 million that AZL squandered. The value of what is produced is a known quantity also. If the selling price is only US $12,000 a ton, it's guaranteed that the more you churn out, the less cash you have. Tell people it will sell for $21,000, though, and some of them will believe you. Some people will believe anything. Which reminds me, whatever happened to BSPumper?
Drilling, extracting and depositing brine was a regular practice...
-
- There are more pages in this discussion • 1,524 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AZL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.1¢ |
Change
0.001(5.00%) |
Mkt cap ! $93.95M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $39.08K | 1.950M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 713000 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 2743618 | 9 |
View Market Depth
| Last trade - 10.44am 11/07/2024 (20 minute delay) ? |
| AZL (ASX) Chart |