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Well it didn't take too much to go up 2 ticks
Great DD thanks for all the hard work, let's get this party started
Great post cdmoo1 and Diidii the story of Mmte is just getting started
WOW, Nice increase per ton of Lithium from 2004 $2400 to $6,000 today. Wonder what 15,000 acres is worth
I would have to agree with him AMA, do you have any proof it is
Mmte just keeps on getting bigger and bigger. Nice job libs keep up the good work
Did you read post #72058, I did half of your DD for you.
We need to keep in mind that we already had the NI 43-101 report completed on the land MMTE has gained rights to. They are only retesting because MMTE own the rights now, just like completing a title search for a house when someone purchases it.
NEW YORK, NY--(Marketwire - 08/17/10) - Mammoth Energy Group Inc. (Pinksheets:MMTE - News) announced today that it has signed a Memorandum of Understanding with Salt Gold Inter Chile Limitada, of Chile, to acquire the remaining 51% of the project.
Mammoth Energy Group Inc. has already signed a Letter of Intent to acquire the first forty-nine percent (49%) of the outstanding stake of Salt Gold Inter Chile Limitada's concessions in the Salar de Maricunga located in the Atacama Desert near Copiapo, Chile.
Salt Gold Inter Chile Limitada lithium concessions consist of 1008 acres in the Salar de Maricunga. Preliminary results of drilling and chemical analysis from its project under development has returned results and confirmed the presence of lithium -- potassium brine bearing aquifers. Brine Concentrations averaged grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm Lithium and 9000-10000 ppm for potassium. Depths at the Salar de Maricunga average 100 Meters or 300 feet and currently acres are valued around $30,000 USD.
"We are pleased to begin to finally wrap up the stake in the Salar de Maricunga," said William Lieberman, President of Mammoth Energy Group.
You can thank your day traders for this, they will continue to do this till we get larger volumes imo
MMTE is # 13 on the Most read board, still a lot of eyes on it. Just waiting for the news
Nice post Stevejs, way to get back to the real reason why we are all here on this board.
I do believe that Iron Clad has been with MMTE for over a year now.
Congrats Raptor, just in time for the MMTE party
I agree with you jack, this is a great start up company. The outlook of this company is wide open, who knows where we will be.
Jack I couldn't of said it any better, nice job
WOW, Its great to see some passion about MMTE,there are alot of people that believe in this company.
And you have what ????????
Show facts that we won't or forever hold your peace
Jack just gave you the proof, what more do you need
Its not only about libs in CA, please take a look at what Mitibushi is trying to accomplish in Chile. It would be nice if the two are connected, he never said it was a fact. IMO
Kgem your words of wisdom is always a great pleasure
Seaway. If you go to Mmte facebook page and post a question brian will respond back
Phrozt they have till aug 15, they could file it earlier than that date. Just want to ensure everyone knows that
Gsobes, we are at the end of the second quarter, the 10q report will be out. This report should tell us a lot about what is happening with the company. It should tell us how libs got the land, how much money was raised for the restricted shares and lots more. Let's be patient and see what it shows. Its only a few weeks away. Imo
Lucky, please keep in mind that this is a start up company. As in any start up company it takes time for investors or anyone to gain trust in something that is new. MMTE is in the process of building a company and gaining the trust of investors on a daily bases. It all takes time, if you dont have time this is not the stock for you. By the way we did have PR's in June and as Jack stated June is not over yet
Well said Stevejs, nice job
Shares are restricted for 1 year
Big investors know it takes time to build a company, we will wait as long as it takes
Jack there are many more investors that have the same thoughts as you. I wish people would just make a phone call if they have any doubts and report back to this board. The story of Mmte has just begun and it will have a wonderful ending. Still adding cheap shares, they will not be around for long. Imo
Nice investing on this stock, remember learn from the big boys LOL
Remember the saying "build it and they will come"
We want the large institutions buying this stock
The big boys are sitting on the sidelines waiting for that one piece of information to buy in. I think it will be all cleared up for them in the 10q
Its the large investors we need here for volume, they would know what brokers to use. I really don't think its our biggest problem for the volume issue
Great post gorlock you hit the nail right on the head
Wow quite before the storm on this board, this will be an interesting day
I would love to get a picture of all of the flippers picking their jaws off the floor right now
Not for long Daytona, not for long IMO
Mods can we sticky the news please
Drews, the other PR's were correct, MMTE purchased the Compania Lithium Investments Limitada of Chile on May 23. The other PR's came out after the purchase.