"There's not enough water in the area," says Philip Wisely,...

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GoSpaceMan

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02/11/23

08:44

Post #: 70681072
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Originally posted by lifefree: ↑

Even someone of average intelligence can recognize the schizophrenic nature of AZL projects. Management realized a couple years ago that Big Sandy would not get mining permits in this decade. They also realized that the future of lithium is in DLE. So they took the money they had raised with promises of profits from Arizona clay, and threw it into a Canadian oil brine project that has some potential but at best is worth half of what they paid for it.

You can believe that DLE is the future of lithium, without believing that Prairie is the best way to invest in it. There are better projects in Canada, and those are not as attractive as others in the US and elsewhere.

As long as there is money in the bank, the Perth payroll will continue. As an M&A target, the company is not attractive because no one wants to buy a lawsuit, and that’s what Big Sandy offers.

Notably, it is the Australians and not the Native Americans who are being silent and inscrutable about the water issue. Those who fantasize that the Hualapai have changed their mind, at the urging of Navajo friends, will find it difficult to explain the part of the story you didn’t quote:

"There's not enough water in the area," says Philip Wisely, director of the Hualapai Tribe's Public Service Department. "So this is the wrong place to put a mine for lithium."

A sign near the border of the Cholla Canyon Ranch, the site of the Ha' Kamwe' hot springs.

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"There's not enough water in the area," says Philip Wisely, director of the Hualapai Tribe's Public Service Department. "So this is the wrong place to put a mine for lithium."

Hualapai Tribe's Public Service Department, not the Hualapai tribal council which is the governing body of the Hualapai. The public services department is mostly a road and plumbing service that Ivan himself once worked for. The fact that they couldn't get the Tribal Council to speak on the issue could be interpreted in a positive way.

AZL Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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