Strategic Asset Leasing Inc (LEAS)

[PLUTUS]

All the DD you will ever need on $MMTE


NI 43-101 information.

I found these numbers on a competitor’s website. They are the geological information for one concession that is approximately 40 kilometers or about 25 miles from MMTE’s Maricunga concession. Competitors concession is 3400 hectares, MMTE’s concession is 3500 hectares. The Atacama Desert is 70,000 sq miles, full Of LI and Potash. These two concessions are extremely close together. See map below for location.

From the competitors NI 43-101 report.

Exploration on the company’s lead project, Laguna Verde, is being carried out with the goal to extract Li and other light metals initially from the brine lake and then from deeper brines. Inferred resource estimate at average lithium grade of 212.40 mg/liter (this is 212 PPM, low to MMTE’s estimates on PR's and website) computed to be 512,960 tons of lithium carbonate equivalent(2) as per NI 43-101 compliant Technical Report authored by QP John Hiner, L.P. Geo. (current average LiCO3 market price ~ $5,200/ metric ton

Inferred resource estimate at average potassium grade of 4,881mg/liter computed to be 4,223,134 tons of potassium chloride equivalent as per NI 43-101 compliant Technical Report authored by QP John Hiner, L.P. Geo. (potash market price ~ $367/metric ton; Source: as per Reuters quote regarding potash pricing of KTS, a German salt miner and the world's 4th largest potash supplier, June 11, 2010)



http://miningmarketwatch.net/ni-43-101.htm

The information from the MMTE website.

Salar de Maricunga:

Acres: 8649 acres (3500 Hectares)
Concessions: 13
Location: Commune—Copiapo

The Salar is located approximately 230km from the international airport of Caldera, and approximately 250km from the mining port of Chañaral. All these facilities are connected to the Salar by paved roads that can be used throughout the year.

The Salar de Maricunga is the second largest basin in Region III and has a basin area of 3,045 km2. This basin is characterized by significant morphological, climatic and geological variations, which normally occurs with major river basins.

During the 1980's, the "Comite de Sales Mixtas" CORFO (State Agency of the Republic of Chile) carried out a study in order to determine the potential in inorganic salts of commercial interest of the Salars. After performing a sampling and chemical analysis program, CORFO the following mineral resource at the Salar de Maricunga:

224,300 tonnes of Li; or
600,000 tonnes of Recoverable Li2CO3 (utilizing a 50% recovery factor); or
30,000 tonnes per year of Lithium Carbonate for 20 years
3,274,000 tonnes of KCl (potash); or
2,300,000 tonnes of KCl (utilizing a 70% recovery factor); or
115,000 tonnes per year of KCl for 20 years or 96% or Alfredo Requirements

http://www.mammoth-energy.com/projects.html

Now, if you take the numbers from the 1980’s and the numbers from 2010 they are strikingly similar.

Moreover, if you take the concession sizes they are a small 100 hectares apart is overall size. Here is what you come up with for PPS for LI and potash. I will use the lesser of the numbers for demonstration purposes. I have also rounded down so as to make the numbers as realistic as possible.

500,000 tons of LI - 50% for recovery and processing = 250,000 tons of LI

Current market price per ton $5,000 per ton

250,000 X $5,000 = $1,250,000,000 That is 1.25 BILLION DOLLARS FOLKS.

MMTE’s O/S is at max 7 billion IMO.

1,250,000,000/7,000,000,000 = 0.1785

Calculation fully diluted.

1,250,000,000/15,000,000,000 = 0.0833


Now the potassium.

We can mine and process and SELL the potash/potassium NOW. HUGE!!!!


4,000,000 - 50% for recovery and processing = 2,000,000 tons of potash.

Current market value of potash = $350 per ton


2,000,000 X 350 = $700,000,000

$700,000,000/7,000,000,000 = .1000

Calculation fully diluted.

$700,000,000/15,000,000,000 = .0466

FULLY DILUTED PPS WITH LI AND POTASH COMBINED .0833 + .0466 = .1299


I am not saying this will be the PPS nor am I saying this is the end all be all calculation. I am saying these are the conservative factual numbers for what the one of MMTE’s concessions is worth.

These numbers represent the concession, Maricunga, with 3500 acres. About 12% of MMTE's total concession ownership.

You can do the math to see what is really going on here.

choose wisely.