Strategic Asset Leasing Inc (LEAS)

[DiscoveryStock]

How much $$$? DD: Mammoth Energy has Lithium concessions for 6400 Ha (hectare = 2.5 acres) in Chile.

3,500 in Salar de Maricunga, 1,000 in Salar de Laco, and 1,900 in Salar de Pujsa. Total 6,400 Ha.

A recent acquisition by Li3 Energy , also in Salar de Maricunga was 450 Ha for US$6M.

A simple proportion gives $85.3M for the 6,400 Ha MMTE has. With 10M O/S, each share gets $8.53 per share.

Let's see how good is WL with negotiations. He can even hire a firm specializing in M&A (hope he did).

If he gets $2M, that's $0.20 per share. Expecting a lot more than that.


Li3 link
http://www.marketwired.com/press-release/li3-announces-strategic-acquisition-increasing-maricunga-lithium-property-otcbb-lieg-1782882.htm