Looks like time to come out of lurking again, lol. If this does nothing more than give everyone something else to scratch their heads about, it will achieve it's goal.
In the press release from 4/27/2011, the company increased the size of the concession in the Salar de Maricunga to 3,500 hectares total, or approximately 8,645 acres versus the original 1,008 acre concession. Given the fact that the entire Salar is around 8,000 hectares in area, then we can say that our concession makes up approximately 43.75% of the Salar. The press release also states that the concession will have 43-101 compliant lithium values of 1000 mg/liter, which coincides with the sampling done by CORFO for the entire Salar de Maricunga.
The following is an excerpt from a press release for LIE*, dated 12/17/2010, which contains the sampling results done by the previous owners of the Salar, and Lithium Carbonate as well as Potash reserves calculated by CORFO for the entire Salar;
"A sampling program on the 8,000 hectare Salar de Maricunga was performed by CORFO, the economic development agency of the Republic of Chile, and calculated a mineral resource of approximately 1.2 million metric tons of lithium carbonate (Li2CO3) equivalent (224,300 metric tons of lithium) and 3.27 million metric tons of potash (KCl). The government of Chile reports that the Salar de Maricunga is the largest undeveloped lithium brine resource in Chile, second only to the Salar de Atacama. In February 2007, the previous owners of Maricunga started the first campaign of exploration by drilling 58 vertical wells to a depth of 20 meters on a 500 x 500 meter systematic grid. A total of 226 liquid samples were taken from each of these wells through compressed air method, and were later sent to the CESMEC laboratory in Antofagasta for analysis. 0.0834 % of Lithium is equivalent to 1.01 grams per liter of brine (g/L) or 834 PPM. Using the same calculation 0.6565% Potassium is equivalent to 7.93 grams per liter (g/lt), which is equivalent to 6,565 PPM. 0.1499 B2O3 is equivalent to 1.81 grams per liter (g/lt) and equivalent to 1,499 PPM B2O3. Values coincide with those obtained by CORFO in the previous surveys conducted in the Salar de Maricunga."
If our concession in the Salar de Maricunga now represents roughly 43.75% of the entire Salar, let's do a rough calculation of the potential value of this concession, shall we?
For this exercise, we have to make a few assumptions based on what we know, and a few more on things we can only estimate, but since this is purely for the entertainment of the few people on planet Earth that are going to read it in it's entirety, here goes nothing, lol.
We will use a conservative estimate for the value of Lithium Carbonate of $4,000 dollars per ton.
We will use a conservative estimate for the value of Potash of $300 dollars per ton.
We will assume that the cost of extracting these two items and bringing them to market will be around 70% of their value, leaving a profit of around 30%.
Since the Lithium Carbonate numbers stated in the 4/27/2011 press release are in line with CORFO's numbers for the entire Salar, we will assume the Potash numbers are as well.
Enough for the assumptions, now to the fun part.
43.75% of the estimated 1,200,000 tons of Lithium Carbonate reserve for the Salar de Maricunga is 525,000 tons of Lithium Carbonate contained in our concession.
43.75% of the estimated 3,270,000 tons of Potash reserve for the entire Salar de Maricunga is 1,430,625 tons of Potash contained in our concession.
525,000 tons of Lithium Carbonate times our conservative estimate of $4,000 per ton, times our 30% estimated profit margin is around $630,000,000.00
1,430,625 tons of Potash times our conservative estimate of $300 per ton, times our 30% estimated profit margin is around $128,756,250.00
Our total potential profit for these two items only is around $758,756,250.00
This number represents the potential profit in the Salar de Maricunga concession alone. Keep in mind the fact that I am not a geologist, nor do I have any information available to me that each and every one of you could find if you only looked in the right places. This post is just my opinion of a potential valuation, and should be taken as such.
This message will self destruct 15 seconds after you have finished reading it, so I hope you all were blessed with photographic memories, lol.
So now, can we talk about something constructive on the board for the next few days, I for one am tired of all the negativity.
Just kidding, everyone is entitled to their opinion, and we are very blessed to live in a country where that is still allowed.
Good luck to all, and don't lose faith. It will happen when it happens.
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