I fully agree with your warning. I do not own the stock yet, but I will buy it as soon as I see a good entry point. This is a great stock but you need to be very cautious. It is still not a lithium producer and it is a small company, which inherently carries very high volatility. Unlike other wanna be lithium explorers that will never produce, I am quite confident that Advantage Lithium will become a producer. It seems very easy for them to come to an agreement to use Orocobre’s processing plant, which will be mutually beneficial for both companies plus Orocobre already owns a portion of Advantage. If this happens, Advantage would only need to install extraction pumps in its wells, install say a 10 mile pipe to Orocobre’s plant and install some ancillary infrastructure. My very rough estimate is perhaps a $20-$30 million capital investment, which is certainly much less than the several hundred millions dollars that would be required to build its own processing plant. It is my understanding that Advantage has about $40 million in the bank, so Advantage should easily be able to obtain financing or help from Orocobre for the smaller capital expenditure. Please feel free to comment if you disagree or have additional insight.
One thing I would like to know is if anyone has information on how much brine can Advantage extract from the wells. This can provide an estimate of how much lithium and revenue iAdvantage can produce. I saw some information in the reports on well extraction rates and the hydrogeology of the two sites, but does anyone have more precise numbers on the final number of wells, expected extraction rates,hydrogeology or related information? Part of my professional background is in groundwater hydrology, so I think I may be able to help this forum with estimates. I would greatly appreciate any help or information.
Thanks and best of luck to all investors!
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