WRONG! The value of MMTE is its best represented by the market cap (i.e., the price investors are willing to pay for the company's issued and outstand stock). Assuming: (1) an O/S of 6.6 billion shares, (2) 15,000 C1 shares, and (3) 205,500 C2 shares (see, e.g., MMTE QUARTERLY REPORT, Nov. 2011) - concordant with a current PPS of .0005 shares, MMTE is thus valued by the open market at about $3.35 million!
Realistically, the MMTE concessions' have had NO lithium market stimulus or reason to have increased in price or value compared to the actual price MMTE paid for its concessions (with borrowed monies). Thus, the "VALUE" of the concessions are a wash! MMTE could only sell them for about the same price MMTE paid for them. That means the concessions have a net value of ZERO!!!
The Chilean high deserts are vast, remote, and inhospitable geographic regions dotted with sporadic salt beds known as “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 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 any 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. The concessions are almost certainly still worth exactly what MMTE paid for them (with borrowed or shareholders' money); thus, there is no GROSS PROFIT margin in the value of the land/concessions. The sale of the concessions or land, especially with closing costs and transaction fees, would likely recover ONLY that which MMTE bought them for in the first place. That's NOT increased value; it's just a debit-credit wash.
Second, The world's most lithium-rich geographical salars DO NOT include MMTE's purported "concessions" to relatively small salar portions deep within Chile's most inhosptiable region (e.g., Salar de Maricunga, Salar del Laco, Salar de Pujsa). Indeed, the world's primary/vastly superior lithium-rich and lithium-producing salars - among which one will fine ZERO (0) MMTE salar concessions - 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. MMTE's concessions are not among the world's approximate top ten lithium salar land masses, and as far as lithium-producing salars go, there really are not very many of them in toto anywhere on the planent. See, e.g.,MMTE Website @ http://www.mammoth-energy.com/projects.php ; 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 . THIS IS FACT... THE REAL TRUTH!!!
Third, based on the press releases and, inter alia, the above facts (including all cited information/links), MMTE appears far from selling, merging, or 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, even with a JV on board and 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.
Simply put, MMTE bought comparatively poor quality portions of salar concessions (the higher quality salar portion concessions either in listed the above top salars or already snatched up by MMTE geographical mining "neighbors") because that is all it could afford, even after selling so many printed shares to the investors and shareholders (i.e., us) to pay for the lower quality salar concessions now dragging behind MMTE as a liability, just like its drags behind its bloated, bulbous, massive O/S sac! Value in the ground or even in the company? Not so much!
MMTE's market cap therefore STRONGLY suggests that the company is WORTH about $3.35 million right now... nowhere NEAR the silly computations of $240 to 720 million! The share price and market cap bear witness of this. The true "worth" or "value" of MMTE is only what investors will pay for its aggregate outstanding shares, and right now that's ~ $3.35 million.
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