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ASN anson resources limited

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4.4¢

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124 Posts.

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20/04/18

09:21

Post #: 32576836
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Originally posted by hamilton66 ↑

http://The United States of America is the second largest producer of Bromide after Israel, supplying about 30% of the world market. Since 2007, all bromine production in the United States has been at Southern Arkansas’ Upper Jurassic Smackover Formation which contains the highest grade of bromine (5,000 to 6,000 ppm) at a depth of 7,500 to 8,000 feet. This depth is similar depth to that of Clastic 31 in the Paradox Basin at 7,080 feet. Since 2007. Albemarle Corporation operated two main plants in Arkansas with a production capacity of 148,000 tons and its main competitor, Chemtura has a production capacity of 130,000 tons. Albemarle is the only producer of lithium in the United States. The current price for bromine is approximately USD4500/ton increasing from USD3,500/ton in 201
I realise that ASN is chasing lithium, but given the above information, and assuming it's correct, I'm really surprised the ann. didn't emphasise the strength of their bromide results. At 12894 ppm, and over double the richness of the Smackover formation, I would have thought they'd be doing a jig, not disregarding the readings of the other minerals. Do your sums. Based on the above information, let's say ASN produces 150000 tons of bromide p/a. At US$4500 per ton, that's a lazy production value of US$675,000,000 p/a. ASN has a high pressure, easy access, very bromide rich resource, which by nature means that costs of production, when stacked against it's USA competitors, would murder them. What am I ( and the market ) missing? GLTA

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Thanks for that, yup lets focus on the positives!!

ASN Price at posting: 6.5¢ Sentiment: Hold Disclosure: Held
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Last 4.4¢		Change 0.001(2.33%)		Mkt cap ! $69.63M

Open	High	Low	Volume
4.4¢	4.5¢	4.3¢	647.0K

Buyers (Bids)

Vol.	Price($)
1508294	4.3¢

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Price($)	Vol.
4.5¢	244624

Last trade - 16.10pm 15/07/2026 (20 minute delay)

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