Here are my estimates for the Rincon (RLL) Resources
I am quoting the following amounts and prices from the ADY May report and PotAsh Corp's presentation at the 2008 Global Fertilizer Conference April 2008.
Potash (KCl): 56,000,000 ton @ $300 per ton = $15,500,000,000
Lithium (LiCO): 7,000,000 ton @ $7,046 per ton = $50,000,000,000
Other: (Magnesium, sodium carbonate, sodium sulphate,and boric acid.) ~ $2,000,000,000
Total: $72,500,000,000
Based on a 75% recovery rate this equates to $54,375,000,000
Due to the demand from the fertiliser industry and the expected mass production of hybrid and electric vehicles Potash and Lithium are regarded as "hot" commodities in today's market. The price of Potash is increasing exponentially and $1000/ton is expected 2009/10. The price of Lithium is also expected to increase due to the mas production of hybrid and electric vehicles. Furthermore, if ADY's patented LiCO refining process can make the LiCO more pure then RLL could achieve up to $25,000 per ton plus royalties.
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