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ASN anson resources limited

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i sent email to Bruce with your clip on USA large producers &...

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boosgold

809 Posts.

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19/04/18

18:18

Post #: 32566636
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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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i sent email to Bruce with your clip on USA large producers & also mentioned most producers of Iodine run off 300ppm or lower I stated i loved ann. but others do not understand the importance of other minerals found even though Lithium is the main target he replied quickly his words were ….. I think your right so lets hope they state how important these other minerals are thanks for the post

https://hotcopper.com.au/search/search?type=post&users=hamilton66

ASN Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
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