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Omg! They want to buy one more waste disposal facility.. What next? We will fall to penny? And then they will do a reverse split.. So much fun!
Mid sept target $ - fail, 25th sept - fail, but we still have 5 days till October:) long term here. No bs any more.
Welcome to single digits.. WTF!?
Where is news?
Now we're at .12 Next stop .11 hold your belts Lol
Look! Now it's 25th of September.. Not in the middle..
Guys what do you think about next week?
bottom has arrived.
They changed the website; It looks more serious now.
I don't know guys.. We have like 12 days till the middle of September and its going to hit more than $1.. Up to 1000%.. Sounds unbelievable..
That's so bad! Do you still believe in middle of September?
What's going on again??
It's going to .10
They're spending money.. Will see tomorrow.. If red again - I'm out.
No!:) it's just my research..
LEXG has three opportunities for near-term revenue while our Valleyview Project is in development: (1) charging oil and gas operators to dispose of their brine, (2) selling the fresh water discharge to oil and gas companies, and (3) selling the salt cake discharge as road salt. These revenue opportunities give us the chance to grow the company and develop the Valleyview Project without dependence on the capital markets. However, before we take a closer look at the revenue opportunity, I’d like to give you a better understanding of how these revenue opportunities are created.
THE PROCESS
The critical application of our ultrasonic technology is the ability to separate minerals from waste water or brine. As a byproduct of that process, there are two separate streams of discharge: fresh water and salt cake. Let me explain how these are produced by the ultrasonic generator: The water (which contains salt, lithium, and potassium as suspended solids) is heated under pressure to a temperature at which it will turn into steam. After it leaves the reactor, the water is released into a tank at ambient temperature and pressure where it immediately turns from superheated water into steam. Salt, lithium, potassium, and other solids cannot travel in the steam and drop out of the solution, like rain from a cloud, fall into a collection area, and are taken away. The steam is then cooled, returning to a liquid state and what you have at the end of the process is fresh water on the one side and salt cake on the other.
THE REVENUE
DISPOSAL – Water disposal is a huge issue in oil and gas production and has become an even bigger problem over the past few years. Traditional oil and gas production, like that which takes place near our Valleyview Project, siphons the oil and gas from the top layer of an underground aquifer. Along with that oil and gas, water is brought to the surface. Through traditional techniques, the oil and gas are separated from the water and the water is discarded. Fifty years ago, oil and gas producers would just send that waste water to a nearby stream or lake. Today those same oil and gas producers either license expensive injection wells to dispose of their waste water or pay a local water disposal company upwards of $17/cubic meter (ton). LEXG could solve the waste water disposal problem for some of the oil and gas producers in the area by taking the waste water off their hands while harvesting the lithium and potassium.
FRESH WATER – Fresh water is a required input for a number of oil and gas applications including drilling new wells, maintenance on existing wells, and enhanced oil recovery projects. These are critical processes for oil and gas operators and require a fresh water source. (Water is considered ‘fresh’ with less than 1% salinity.) Access to fresh water for the oil and gas industry has become increasingly difficult recently in the area surrounding the Valleyview Project because of increased demand from oil and gas producers and competition from municipalities and farmers. Near our Valleyview Project the price for fresh water to the oil and gas industry is $6 per cubic meter (ton) of water, not including transportation. LEXG has the opportunity to sell fresh water (a byproduct of the ultrasonic generator process) to the oil and gas industry at or above that price.
SALT CAKE – Salt is one of the most used minerals across the globe. It is used in the food industry, in industrial applications, and as a de-icing agent for roads in wintry conditions. More than 11 million tons of salt is consumed annually in Canada alone. The salt cake that will be discharged from the ultrasonic generator will not have any harmful or radioactive materials and, after testing, should be able to be used in just about any industrial application or as a road salt. The wholesale price of road salt in Alberta is roughly $40 per ton. While this is not our primary focus, LEXG hopes to be able to turn this byproduct into revenue while our mineral processing techniques are tested and a processing facility is constructed to produce our target minerals of lithium and potassium.
THE PROJECTIONS
This initial technology unit has been built to treat 800 cubic meters (tons) of water per day. At a rate of 200 cubic meters (tons) of water per day, or one quarter of the capacity of the unit, we have the ability to produce the following revenue:
200 cubic meters of brine = 40 tons of salt and 160 cubic meters (tons) of fresh water (based upon 20% salinity from 2011 testing program)
(1) DISPOSAL $17 X 200 X 365 = $1.241M annual revenue
(2) FRESH WATER $6 X 160 X 365 = $350,000 annual revenue
(3) SALT CAKE $40 X 40 X 365 = $584,000 annual revenue
These near-term revenue streams will allow LEXG to become profitable quickly, with the added benefit of partnering with the oil and gas producers in Alberta. I think you’ll agree this is definitely a win/win.
Did I tell you yesterday?:)
The winner is the one who knows how to wait.
You will see;)
Volume!;)
Stay strong guys.. Couple more weeks..
Because there is going to be slow growth.
Omg.. That's not good..
I mean its too slow!:) Lol
Check LEXG guys! Big money coming!;)
We need more volume!! Come on!! Go lexg!
Lexg looks bad!
Any prognoses for next week?:)
Not bad for Friday.. But still didn't get .20.. Will see next week;)
I don't know why, but I'm not sure that it can hit $1..
When are the test results due in?
I wish it will be .35 next week:)
Tomorrow .20!
Good news!:) nothing happened again:)
Why do you think like that?:)
I wish it will be better on next week..:)
I wish..:) Go LEXG!
So, next news will come in August? What about LOI?