Looks like we will wrap up this year the these low levels.
Lets just think about how far we have come in a years time and how much more solid the project is, yet still a very small MC.
- Much much more area claimed.
- New wells entered, more knowledge of the structure and strata of the paradox basin.
- Huge knowledge building year in general.
- Different methods trialled (Solar evap, 'heat reactor' etc etc)
- Proof of concept applied to LiLac's work and produced a product.
- Production of a high grade sample of hydroxide from a very low feed grade. (Note, In order to make lithium hydroxide you need to make carbonate first 
wink wink )
- Intercepted high levels of other profitable minerals, test work ongoing for extraction.
- Engineering firm tasked to develop/plan pilot plant.
- Suitable area already approved for pilot plant, power can be applied to site easily from grid
- Existing Oil and gas lease could offset costs.
Next year will be an exciting year
- Two well re-entires in the sweet zone, IMO this could be the turning point for many investors. >500PPm this will go ballistic. Some geological planning has gone into this applying what they have learned from the previous re entries so this could be the hot spot, much closer to the historic high recordings too. The greater the ppm the less front end processing required and cost savings.
- Further the pilot plant project to a construction stage and deploy/commission.
- Results from Hazen work and mineral extraction.
- Further LiLac work to improve method and work on efficiencies.
Another thing:
- Many lithium brine plays are solar evap, a process taking a long time and is slow and old tech.
- The ASN Pilot plant is directly fed from the source, no ponds. The weather cant stuff us up, Water restrictions from the government cant stuff us .
This also means with a maximised efficiency we could have a very fast turnaround from raw source product to a product ready to deliver the the manufacturer. Not to mention all of our potential by products to offset the costs if the lithium sector has a down turn. Oh and also not to mention potentially offsetting power costs by utilising the gas lease.
ASN might be different to your usual safe lithium producer from south america, but also has alot of positives if you really stop and think about it. I am one to really appreciate innovation and it is great to see a company pushing the boundaries of this industry.
Stay focused everyone, If you're happy and here to stay that is great and I'm here for the ride with you.
If you're uncomfortable with the stock and want to sell out that is also great, we wish you the best.
If you're sticking around and whinging with no faith that is a good indicator to me you're upset and sitting on a big loss. Instead of taking it out on the forum and the company why don't you re think your investment strategy, or go and buy some blue chip shares.
Thanks to the active and regular posters here such as RJ, speedyl and others who add substance and critical thought towards the discussion. Have a great Christmas everyone and enjoy a break. Have a cold one for ASN, Its been a big year and we all probably have a hard earned thirst .
(20min delay)