Lithium Triangle In Argentina, page-6

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18/05/16

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Post #: 17796648
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Originally posted by billyen ↑

Every once and a while something special falls in your lap. Argosy Minerals is that one now.

There were only 2 ASX stocks with projects in the Lithium Triangle in Argentina. GXY and ORE.
NOW...there are 3! We know there's some level of Lithium in the Salts there.

The market seems to want to put a valuation of SDV (GXY owns 100% of it) of 200+M and brokers are saying it's 400M+ . GXY's market cap is now 500M. It's believed to have a mine life of 40 years or more!

Orocobre (ORE) is basically a pure play on in Argentina with a very large salt lake in the Lithium Triangle. It only owns about 70% of the project. It's Mcap is 783M and it's only gone up 180% this year. So the Lithium op for their Salta Lake is worth over a billion and undervalued.

Let's forget AGY's Lith project in TAS or that the management team are STILL looking for more Lithium projects. Just the news of another one is 30-50% pop.

The down side is very small as the MarketCap of AGY is still only 15M.
In the past 3 weeks I've looked at EVERY ASX lith play. Every ASX release...read annuals did bio searches on the management and where the others are making their Lith claims. Some are very weak and it's possible they don't have any. The DKO news last weeks shows that it's just not that easy in hard rock.

The Salta Lakes in the "Lithium Triangle" in Argentina have it. The question is how much. Yet, what does management do? They get not one but 2 claim areas. Incredible. They could possibly sell all or part of one of they to another Lith miner for cash or stock. Looking at current "Lithium Triangle" assets...this could go for 50M+ alone.

I can confirm that management had boots on the ground. They didn't look at drilling results or send someone in...they rolled their selves up.

They own decent size pieces of AGY so they have skin in the game.
I won't stop there...They AREN'T taking salaries. I repeat. They are working for NO wage!!!

This speak volumes and you know no one is more interested in creating shareholder value then they are. Sadly it's normally not the case and the management screw shareholders whether the company does well or not. We see it everyday.

Still doesn't stop there. They have a track record of success.

Even if the deals fall through there's little cost risk. It's not like they have spent 5M and lose it. You can bet when the 4.5M is handed over there's a lot of Lithium in those lakes. Based on current market caps in the "Lithium Triangle"...IMO ...I can see AGY adding 30-50M in market cap once the option is exercised.

Plus, AGY will be quick to start exploring if they get it. From their release and things I've read they seem to want to by-pass the expense plant construct and start mining through other means.

This may or may not mean large scale but, they'll then have legal claim and delivery some Lithium to market which will send this stock to another level.

I like the risk/reward of ARG. Haven't seen anything like this in a while. In 12 months you'll be asking yourself how this stock was so low.

Expand

Yep the directors two weeks ago were in Argentina examining the two Salar projects, checking out Ekeko's facilities and ISO accredited laboratories.

Dr Sorentino is on board and will work with the company as the principal consultant.

AGY Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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