I referenced their well written press release from last fall that plainly states this fact. It has been in plain view all along. There has never been a press release that has deviated from this.
1.NEW YORK, NY -- (MARKET WIRE) -- 09/01/10
Mammoth Energy Group Inc. (PINKSHEETS: MMTE) announced today that it has signed a Letter of Intent to acquire fifty-one (51%) of the outstanding stake of Salt Gold Inter Chile Limitada's concessions in the Salar de Maricunga located in the Atacama desert near Copiapo, Chile.The company expects its entire lithium package once complete will total acreage of approximately 12,500 hectares or close to 31,000 acres. The value of acres in Chile has been estimated to be $10,000 to $30,000 depending on lithium concentration levels.
Property valued
31k acres x $10K = $310 000 000
31k acres x $20k = $620 000 000
31k acres x $30K = $930 000 000