From MMTE's PR today, "The acquisition, once completed, will have 43-101 compliant lithium values of 1000 mg/l. The Salar de Maricunga is a world class lithium asset with similar lithium values as the Salar de Atacama, which is currently mined by Sociedad Quimica y Minera S.A.
So that we are all clear what that means let's refer to a definition below of parts per million (PPM) and the conversion from milligrams to PPM.
"This is a way of expressing very dilute concentrations of substances. Just as per cent means out of a hundred, so parts per million or ppm means out of a million. Usually describes the concentration of something in water or soil. One ppm is equivalent to 1 milligram of something per liter of water (mg/l) or 1 milligram of something per kilogram soil (mg/kg)."
Wow, based on that definition MMTE is acquiring world-class concessions that contain 1,000 PPM of lithium and god knows how much potassium and boron (both also very valuable commodities).
So while bears want to point out the 15B A/S and erroneously lead people to believe the A/S factors into the calculation of MMTE's market capitalization (only the O/S of 5B factors into that calculation), it is clear that we are acquiring lithium concessions that are chemically on par with the largest miner of lithium in the world, SQM.
There is another stock that just went from $0.20 to $7.65 in a little over one month and they are proudly trumpeting Canadian concessions with 150 PPM. The concentration in MMTE's lithium claims will be 7 times that of a stock that has had a ~3,500% gain. Again, this does not account for the concentrations of potassium or boron which I imagine will be similarly superior in MMTE's concesssions.
It is also important to note that MMTE's concessions are located in an area of the world that has the cheapest cost for the mining and production of lithium. Much cheaper than the cost of production in Canada.
Given all this information do you really think that MMTE will not have a meteoric run once all the completed land deals (I suspect much more than the original 31k acres) have been disclosed to the public? Better yet, do you think that MMTE won't be a possible takeover target for some mining major, like Vale or Rio, who want to get their hands on high-grade lithium deposits and lots of them?
As I stated earlier in the week, filter the noise on this board with regards to your MMTE position and you will make a very nice return on this stock over the next few months.
Sorry for being so long-winded. Thanks and have a great night!!!
