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Nevada is still the best in the world, my shares in this space...

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Melen100

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31/03/24

09:02

Post #: 73127937
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Originally posted by Suni: ↑

Happy Easter Froggy ..

Nah I won't be buying anymore ASN. Fundamentals are great. Management ok. Main issue is permits. Permit risk is way way bigger than people recognise. The US is a web of federal, state and local government regulations. The feds have little control over the states.

Look at the western strategy. A few re-entries. Something we had already done of a dozen times. A local group raises an issue and everything stops. Magnify that on a much larger scale - Water extraction and re-injection permits of processed brine. Construction of the lithium plant. These will be extremely hard to execute.

Yeah hopefully the grade and GR is the same or higher because in all honesty GR will probably be the project because of the industrial lease titles and the Paradox won't be able to proceed due to environmental/permitting issues.

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Nevada is still the best in the world, my shares in this space have doubled in 4 weeks (as i said, TSX, not discussed in HC), a few breadcrumbs I have posted but dyor, I have the best hopes for ASN, but I have taken steps to mitigate any risks. For me it's a race between my various holdings to get to production. I am assumed to be a LKE fanboi, and who ever thinks that is also mistaken.

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