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Undercooked Falafel

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Undercooked Falafel

Re: AMA post# 16951

Thursday, 06/24/2010 12:59:16 PM

Thursday, June 24, 2010 12:59:16 PM

Post# of 155603
The way I see it, Lithium contracts are roughly $6000 per tonne. The total Salar de Atacama (the land MMTE is getting concessions for) lithium resource was estimated to be in >190,000,000 tonnes lithium carbonate equivalent (35,700,000 tonnes lithium). Depending on how much land MMTE gets (I'm hearing 160 sq KM) will determine how much the land is truly worth.

Assuming Mammoth mines 18,000 tonnes a year, that equals $108 million in annual revenue. Mining for Lithium is very inexpensive as well as compared to mining for gold or coal for example. Nature does most of the work. Check out this video.

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