American Battery Materials Inc (BLTH)

[Working_to_Hard]

Exactly! Does anyone truly believe the previous reported minerals have magically disappeared since the 1970’s? Lithium wasn’t important then, it’s primary use was for mental health and a few small other uses. Therefore wasn’t valuable to extract at that time neither were the other minerals found. Hence the capping off of the wells.
Also, we have to assume the testing measures they used back then were not as accurate, (I.e. multiple samples as various depth levels) why, because they didn’t care about lithium. So best guess these old reports are under reporting the actual true amount of lithium and other valuable minerals. If they’re not, and these are the true values, then there is still multi millions per year that can be extracted out of one well brine.
This is a white gold mine. Hence, why I’ve been here too for years.
Other thought, the government is fully on board with lithium right now too. Which means permitting issues, etc are null. If this was an oil exploration, I would be more hesitant.