Strategic Asset Leasing Inc (fka LEAS)

[Rustler]

THE VALUE IN THE LAND???



The Chilean high deserts are vast, remote, and inhospitable geographic regions dotted with sporadic salt beds or “salars.” Under some of these salars lie pools of brine water that contain anywhere from faint to fairly rich concentrations of lithium ore. From these salars and brine waters, experienced and well-funded mining exploration and development companies painstakingly prospect for the most lithium-ore-rich lodes to extract, transport, process, refine, and sell for high dollar to end users such as lithium-ion battery manufacturers.

Some say that MMTE's value is based in the lithium in the land or ground… that all of the other, above aspects of exploration, mining, evaporation, harvesting, processing, refining, transporting, selling, etc., mean nothing. A more ludicrous statement one would find hard to make. As discussed, the owner of lithium mining concessions own only the scant value of the trace lithium amounts floating in the groundwater in one of the world’s most barren and isolated regions. The value is just not there, especially where other regions prove far more lithium-rich than the concessions obtained by MMTE.

First, unless MMTE can find an entity crazy enough to merge or create a joint venture with the devalued, diluted, forlorn, newcomer MMTE to mine & refine lithium (eventually) the relatively tiny land acquisitions/mining concessions MMTE required some sort of an ownership interest in – or some such other miracle happens – I believe MMTE will have mislead investors, financiers, financial institutions, and perhaps governments. MMTE will thus, IMHO, find itself in a world of hurt sooner than later.

Second, the world's most lithium-rich geographical salars do NOT include MMTE's purported "concessions" to relatively small portions of a few Chilean salars (e.g., Salar de Maricunga, Salar del Laco, and Salar de Pujsa). Indeed, the world's primariy lithium-rich and lithium-producing salars - among which ZERO MMTE salars are found - include: (1) Salar de Hombre Muerto; (2) Salar de Rincon; (3) Cauchari, (4) Olaroz, (5) Salar de Uyuni, (6) Salar de Atecama, (7) Taijanier Lake, (8) Zhabuye, and (9) Silver Peak. See MMTE Website @ http://www.mammothenergygroup.com/projects.html ; Signum Box, "Salar de Maricunga: Project Review," p.5, tab. 3 (June 2011) @ http://www.li3energy.com/projects/signumBOX/IVG-LIEGsignumBOX2011.pdf ; Lithium Investing News, "World Class Deposit" @ http://lithiuminvestingnews.com/investing-in-lithium/lithium-world-class-deposit ; R.K. Evans, An Abundance of Lithium II @ http://www.worldlithium.com/AN_ABUNDANCE_OF_LITHIUM_-_Part_2.html ; New World Resource Corp., "Projects About Lithium," @ http://www.newworldresource.com/s/AboutLithium.asp .

Third, based on the press releases and, inter alia, the above data (including all cited information/links), MMTE appears far from establishing even the most basic resources required to mobilize and initiate a successful precious metal mining and refining operation. Moreover, without mammoth dilution and/or a reverse split, MMTE will almost certainly find itself unable to finance the colossal industry entry costs inherent to precious metal mining - small Brine Mining operations included. Further, where MMTE is nothing short of a financial train wreck and where MMTE's purported salar land ownership interests are NOT found among the very few, lithium-rich salars on the planet, one would find it rather unlikely that any truly viable or reputable mining company might want to enter a joint venture or merge with the cash-strapped, struggling, heavily O/S diluted, forlorn penny stock, MMTE.

In Sum and simply put, MMTE bought comparatively crappy salar concessions because that is all it could afford - even after selling so many shares to the 'investors' that we are (i.e., the so called MMTE common shareholders). Value in the land or the ground? Not so much!