Strategic Asset Leasing Inc (fka LEAS)

[Ace Trader]

Just wanted to make this point.

How is the Chilean Gov going to auction these CEOL's off?

And how is MMTE going to pay for them?

I hope that WL is thinking about this to and already made plans to go forward.

Taken from another Lithium company already taking the first steps towards those CEOL's and how to buy them.

Qoute:

Lithium is not currently exploitable via regular mining concessions in Chile. However, on February 7th, 2012, Chile's Vice Minister of Mining announced the government plans to conduct an auction for lithium production quotas and licenses (CEOLs), in a manner that wouldn't require any changes to existing mining laws. The CEOLs to be tendered will be for 100,000 tons of lithium metal (approximately 530,000 tons of lithium carbonate equivalent), be valid for twenty years and consist of a yet to be determined upfront payment as well as a seven percent of sales payment paid to the Chilean government. Li3 has begun the process of evaluating its participation in the CEOL tender process, in parallel with its exploration and development program, and expects that the Chilean government will provide additional clarity on the application process in due course, with the objective of awarding the tender within the course of this year.