Replies to post #79691 on Strategic Asset Leasing Inc (fka LEAS)

[Hap2]

Rustler, you just made my head explode. Great post!

[Triple_Crown]

A+ for effort. Have you considered that MMTE may not have to complete all the steps that you list?
Just saying.

I'm on 3.5 acres here in the sunshine state. We have (or had) 50 trees, some huge with a 3 foot diameter. They were crowding each other out, some had hollow caverns and therefore were dangerous. Others needed dead wooded and pruned.
We chose to purchase a 55' boom truck. I could go through at least 8 steps of how we cleaned up the land and the cost of each step along the way (and the high risks involved).
However people reading this are possibly asking "why not just work a deal with a company that already does that kind of work?"

Admittedly it would have been easier for us to just partner with someone to do it. However, that would not have met my need to be manly, lol.

MMTE has already officially mentioned "Joint Venture" and there are other ways to work with companies already established and doing these things that you listed.

MMTE

[daytona45]

keeping it real; your best post Rustler.

[swift440]

Rustler, thank you for a good post. first at all, i never been involved in mining, but i do understand something in chemical processing. also, i understand your general sentiment too. while, i think some points should be corrected or at least refined in your post, namely:

1. i agree with your points [1-6], but it could be done by local contractors, and specialized workforce in Chile should not be that expensive.
2. we are talking about brine extraction and raw salts separation, not "ore" or lithium minerals from stone minerals. brines, in this regard are less expensive.
3. we are talking about lithium carbonate, not pure metallic lithium. and we also keep in mind potassium chloride. or vice versa.
4. Maricunga is reach and has favorable Li/Mg ratio and low sulfite content.
5. impact on ecosystem is overemphasized. yes, the ecosysitem is unique, but still it’s just a stone desert.
6. despite some unrest in Chile, its government recently approved $67B investment in mining during next 10 years. i can’t say how it will affect lithium mining, but it certainly will help to build some infrastructures.

literature:

recent review on lithium deposits
http://www.nytimes.com/gwire/2011/07/28/28greenwire-global-lithium-deposits-enough-to-meet-electri-67078.html

technical report on some salares including Maricunga
www.salareslithium.com/i/pdf/reports/salares_7_43101.pdf

Chile mining news
http://www.santiagotimes.cl/business/mining

important question here: how much money do Canadians have?

[PLUTUS]

MMTE is not "mining" or "strip mining" in any way. A 100% complete misrepresentation of fact.

MMTE's "mining" process is no more hightech then drilling a water well on the family farm.

[AMA]

MMTE Stock's in a free fall from .0046. My guess is that it just lost its Bar Mitzvah...By the end of the year it might not even be potty trained anymore. Lieberman should take what ever offer that has been presented to him and move on imo.

There is NO way they will mine anything. This is about acquiring assets and selling them for a nice premium.

[Phrozt]

Only one relevant sentence in that entire post:

Second, while mining/refining/selling lithium from salts or underground brine pools (collectively, "Brine Mining") can turn a profit, the lithium-rich areas of the planet in which such salts and underground brine pools exist are amazingly few.

We ARE a part off a stock that owns land containing those "amazingly few" pools. All of the rest of your "DD" is for mining lithium in a way we don't need to worry about.