Good old fireside chat, page-5174

First 5174 Last

Share
Profile

Follow
mattyu2

327 Posts.

19

29/06/18

21:20

Post #: 34050909
Share

Originally posted by rjohnson1234 ↑

Right, so the announcement yesterday had some good technical info there, for me it hugely de risked us imo

Flow from clastic 29 was at a phenomenal heat, but for me even more important was the artesian flow rate. Now the piping is 2 7/8 inch tubing which I suggest is smaller than what we will use at lca1 once approved.

As to the flow the announcement the team put out is 45,600 gallons per day which in our language is 173,000 approx litres per day. Wow, 173,000 litres per day flowing just from one clastic zone from one hole.....imagine having 4 plus production wells targeting various clastic zones for production. !

A few things about that:
- the company has estimated total brine volume been 65m and 130m. Well if One clastic zone flows at 173,000 litres per day if that flowed every day that’s 63m litres of brine per annum just from one clastic zone and from One well. Ok so maybe the flow may not be as high all the time, however I think we will be amazed with our jorc resource for Li much less the other minerals. The estimate of brine is so low it’s becoming laughable, but management are constrained by the asx on what they can include in announcements.
-the flow from one hole and One clastic zone of 173,000 litres per day at our estimated li percentage ppm equals 270 tonnes of lce per day once processed. Let’s say conservatively at 14,000 dollars per tonne ......I hate to say it....it blows my mind.....that’s 3.78m dollars per day conservatively from One clastic zone and one hole.
- when I also consider the additional minerals it becomes even better, the mg for instance from 173,000 litres would see mg of about 7700 tonnes per day at the prevailing rate for mg I can’t even mention the figure without shuddering.......and we haven’t even got to bromine or maybe even iodine

I think anyone here over the last year or so knows I like to research and post some thoughts, but I am genuinely more excited now with where we are at than earlier this year when the share price was higher.

I’ll have some more to say over the weekend about all of this but just know imo management here are brilliant, the focus and dedication is very impressive.

Expand

Love your work RJ, informative as always. Keep it up and I look forward to more over the weekend, cheers!

ASN Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Finance school vs reality: What they don't teach you about the stock market

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Making money: How many microcaps should be in an investor's portfolio?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

There are more pages in this discussion • 8,907 more messages in this thread...

First 5174 Last

Add ASN (ASX) to my watchlist

(20min delay)
Last 7.5¢		Change 0.004(5.63%)		Mkt cap ! $103.8M

Open	High	Low	Value	Volume
7.5¢	7.5¢	6.9¢	$210.0K	2.910M

Buyers (Bids)

No.	Vol.	Price($)
1	12961	7.2¢

Sellers (Offers)

Price($)	Vol.	No.
7.5¢	172727	3

View Market Depth

No.	Vol.	Price($)
1	12961	0.072
2	314000	0.071
5	674762	0.070
3	250000	0.069
2	165000	0.068

Price($)	Vol.	No.
0.075	172727	3
0.076	387500	3
0.077	177000	2
0.078	787342	7
0.079	303898	5

Last trade - 16.10pm 28/10/2024 (20 minute delay)

ASN (ASX) Chart

Good old fireside chat, page-5174

Finance school vs reality: What they don't teach you about the stock market

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Making money: How many microcaps should be in an investor's portfolio?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Good old fireside chat, page-5174

Top Stories

Finance school vs reality: What they don't teach you about the stock market

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Making money: How many microcaps should be in an investor's portfolio?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News