A missed opportunity, page-15

Fair enough, I respect your views and investment decisions.

Here's my view: whether the project is viable or not depends on the economics at the end of the day, as opposed to actual lithium values. This hasn't been worked out yet.

Management had previously suggested a 200ppm lithium value would likely be economical and the result from CC is very encouraging; let's not forget considering all available assay results so far, it is very likely the closer we are to RR, the higher the lithium concentration would be, as long as we strike the artesian aquifer. Our final site of production might be sending 250-500ppm lithium into the plant.

ASN's strategy has always considered the following, which I believe a significant number of investors considered, besides the anticipated 'high' ppm values:
- speed to production (won't need several months of evaporation ponds). This is important in taking advantage of this lithium boom
- high Mg content not an issue (easily removed at the start of processing)
- low lithium loss in the process (<3%) as opposed to heavy losses in evaporation ponds (I think I recollect seeing 25% - 35% - I'm too sure though)
- no added heating costs (on the assumption the artesian brine has a temperature of 60 deg C, higher than the 40-50 required for the plant)
- brine free-flowing would save costs significantly
- by-product credits (Mg, I, Br) - these are looking very attractive at the prices stated in the announcement

One can't really fault management's decision in assaying GB and CC first, as these were existing holes and were much cheaper and faster to assay. The results have given us a lot of insight and I think it's fair to say everyone now a much clearer view of realistic outcomes and risks to make their own investment decisions.
It's not been an easy ride as most had expected, myself included but I think it's all still looking viable in terms of realistic expectations.

DYOR