Replies to post #62020 on Strategic Asset Leasing Inc (fka LEAS)

[DrozdDawg]

Here it is. I copied and pasted for you. Happy reading.


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VortMax Member Profile VortMax Member Level Share Tuesday, April 12, 2011 7:23:22 PM
Re: None Post # of 61930
Email From WL: Hinting At Valuation

For what its worth guys, I've DD'd this enough. You have to understand that the concessions MMTE is looking at HAVE BEEN DRILLED AND TESTED TO DEPTH, not just sampled from the top. 650ppm lithium and 9000ppm potassium were the average. The results are in my email below, and I knew WL would concur. In fact, we are ahead of LEX@, as they only have surface tests of 10 to 40 ppm. The 31,000 acres in concession has about $2.3B worth of what's called "proven and probable" resources, while LEX$ only has "inferred" resources. By the way, we have a boatload of potassium, $900/ton x 60 tons/acres x 31,000 acres. SQM, the major in the area, well most of its revenue comes from potassium. IMO SQM will take a hard look at MMTE for the potassium, not even the lithium.

Quote:Re: MMTE Shareholder Thoughts/Questions?
6:27 PM
Hide details Mammoth Energy Group Add to contactsTo xxxxFrom: Mammoth Energy Group ([e-mail])
Sent: Tue 4/12/11 6:27 PM
To: xxxx (xxxx.com)


thanks Mark -- yes watching what they have done. I think our investors will be more than quite pleased as compared.
really busy and dont have lots of time to reply.

regards

On Tue, Apr 12, 2011 at 4:21 PM, Mark Taylor <[e-mail]> wrote:

MMTE,

As a MMTE shareholder I find the history of Lithium Exploration Group (LEXG) envious. Their terms of financing for their lithium concessions seem to be excellent, and their claims substantial even though a 43-101 has not been done on them.

What I'd like to know is, since it's on the pinksheets MMTE is never likely to obtain a proper valuation, so how do you plan to uplist to the OTCBB? With lithium M&A being done on a widescale basis at this point, I assume you plan to merge into an existing OTCBB lithium company, but what are your thoughts?

Also, a few notes....it looks as if non-producing, non 43-101 lithium companies on the OTCBB are recieving roughly a $3500 valuation/acre (@600ppm lithium, 9000ppm potassium) of concession in terms of market cap, which of course, would translate to about $109M for MMTE.

While we obviously don't know an exact amount of lithium or potassium on the concessions MMTE is aquiring, I've figured 4 tons of lithium and about 60 tons of potassium per acre. That's roughly $74,000 worth of product at this time. In your opinion, are those estimates close to reality? Any answers would be greatly appreciated.