Replies to post #82560 on Strategic Asset Leasing Inc (fka LEAS)

[MadBrewer]

for what the 18,000 acres is valued at?

My guess is WL doesn't really care, he just wants these "conessions= rights-to" the land & when the Chilian government realises that Li is not plutonium as in a military strategic weapon but a viable sourse of revenue for their country,
& votes to ease their restricions,
Wil can say, I Got Land,
& rights to mine.

Look at this game plan;
he'll sells/lease his "rights/conessions" to other mining companies, through CLIL, (the local company),
that is "owned" by MMTE, after Chilie lifts their resticions to mine.

Wil has no intentions to CEO a mining company,
with all the mondane details others have pointed out;
he's getting control of as much land= "acquisition mode" as possible while, other connections are getting the government to ease their resticions to mine.

This is connect the dots.
Love to hear any feedback, pro & con.

Cheers



I bet he doesn't even go that far,
once the Chilian government eases their restricions on Li mining,
"only to local companies= CLIL", he just sells/leases.

Wasn't there some "connect the dots" about a lawyer, a bother, moving to change Chilie's position on Li mining?

[kmalin1]

I don't think they can value the land until they have the resource estimate for the properties. IMO

[Rustler]

THAT'S a damn good question!

[Rustler]

Investors need to put THIS in their pipes and smoke it...

MMTE makes its ownership and mining rights quite fuzzy by way of (among many other things) statements on the company's own carefully worded website. For instance, the first page of the MMTE Website states: "Mammoth Energy Group (MMTE) is the owner of interests in three salars with the potential to produce lithium and other metals from surface lakes and subsurface brines." (See MMTE @ www.mammothenergygroup.com .) The above, bolded highlights point out suspect conditions or issues that place in doubt and question exactly what MMTE's purported mining claims actually entail. Those same suspect terms - combined with months of weak press releases and forlorn PPS values - create inherent doubt as to whether MMTE will (or even can) effectuate any significant lithium extraction and sales from whatever "ownership interests" MMTE might have.

Additionally, the world's most lithium-rich geographical deposits, typically found in arid, salty flats known as "salars," do NOT include MMTE's fuzzy claims to small portions of South American salars (e.g., Salar de Maricunga, Salar del Laco, and Salar de Pujsa). Indeed, the worlds lithium-richest and premiere lithium mines/deposits actually 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, e.g., id.; 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 .

A QUESTION to you. But, if MMTE has 18,000 acres (thru CLIL), then why doesn't our balance sheet show a POSITIVE as for what the 18,000 acres is valued at? It is ZERO as far as I can tell, ZERO $$$ and ZERO land, otherwise we would have a POSITIVE in the land value category???? Wouldn't we?