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To: Claude Cormier who wrote (45948)1/27/2017 2:15:43 PM
From: Postman  Read Replies (1) | Respond to of 49402
 
Ok thx- I am getting a technical guy to look into this also---

there is another company epr.v which is also staking large tracts of land for extraction of lithium from brine so there is something there I think but need to see the hard numbers to determine economics.....



To: Claude Cormier who wrote (45948)1/30/2017 9:53:52 AM
From: ayeyou2 Recommendations

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kidl

  Read Replies (3) | Respond to of 49402
 
I checked your calculations Claude and they are correct. Based on that info XMG would have to run 200 barrels of waste water through their "plant" in order to produce a single kilo of lithium worth $5.90 on todays market.

There is something very fishy going on here and XMG just opened gapped up .55 at $2.31 . Incredible that IIROC has not stepped in on this one. All hype and no substance imo.



To: Claude Cormier who wrote (45948)2/4/2017 2:12:32 AM
From: Postman  Read Replies (2) | Respond to of 49402
 
Yes it is small amounts of lithium I came up with also (good call on your part)-

-about .012 cents per liter, or about $2.00 per barrel at 50/mg/l- which is given they can optimize the process- they are also cleaning up the brine/oil wastewater as well however so that must have value in the equation....

-plus the addition of billionaire Marc Bruner to the board can't be ignored it appears.............

show me the money...we need hard numbers now