Great catch "Porto". . That is the strongest recommendation by...

Great catch "Porto". . That is the strongest recommendation by VSA of the four they have made in the last three months. We will see this week if the lid can still be kept on the share price which has apparently been the case for the last six days..

VSA should prepare our presentation

Argosy AGY

http://www.argosyminerals.com.au/

Research notes -

Argosy Salar del Rincon project  PEA dated November 28. can be downloaded from their website

The updated Mineral Resource estimate dated November 13 also on the website indicates 245,120 tonnes of LCE to a depth of 102 metres with a concentration  299 mg/L and 437mg/ L

   

The project uses evaporation ponds, 10 acres completed and 24 under construction Pilot plant operational.

  

There is a extensive of useful data in the PEA which gives insights into processing cost and includes comparisons to Cauchari / Olarez and Orecobre

The individual line item costs for the direct extraction method (i.e. Lilac or equivalent e.g Standard Lithium) will vary significantly. Whether the sum total will be greater or less we have yet to discover. What jumps out from the numbers is the massive  63% of costs for chemical  reagents which has significant environmental design and supply logistic implications

.

Argosy makes reference to the recovery of potassium. (Kachi 30.7 million tonnes). This will not have a significant value if any. The current global demand mainly for fertilizer is aro.45 million tonnes of which 25% is from Canadian potash. Market price is USD 215/tonne FOB. Given the production of Lithium ramping globally up the production of KCl will outstrip demand by orders of magnitude

Finally these are the wells from Standard Lithium / LANEXX Arkansas direct extraction project

Comared to SQM Atamarca evaporation pondproject

http://www.sqm.com/en/acerca-de-sqm/recursos-naturales/nuestros-recursos/