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Strategic Asset Leasing In LEAS
Posted On: 02/20/2013 10:52:31 PM
Post# of 958
Posted By: Kgem
Re: mayhem72ss #176

Mayhem72ss, you have a right to be upset and darn pissed off about everything that happened with MMTE.  It's not like William didn't know it was a long shot gamble with little hope of success when he purchased these concessions in Chile.  Lithium mining by outsiders was prohibited in Chile, and a change of laws or a change of their constitution was required to make it legal, and even that would first have to be supported by the people (which it was not, especially the unions).   We can't blame a real company for engaging in this type of gamble, but what about a back up plan?  William and I often talked about the lithium rich concessions in Chile, and we always slipped back into talk about the rich levels of potassium on these very same concessions.  So, if William was really serious, why didn't he pursue this line of business?  It's not like he wasn't aware of it.  If you process potassium, lithium is a by-product, and this can be stored forever  or you can pump the lithium right back into the brine pond where you found it.  That means the brine will become richer in lithium as time goes one.  The big lithium companies in Chile already do this whenever they have more lithium than they can sell.


















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