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Channel Resources Ltd V.CHU



TSXV:CHU - Post by User

Comment by ragingcanadianon Jan 26, 2010 11:22am
247 Views
Post# 16719393

RE: LONGS

RE: LONGSQuiet longs?...No longs?...

Interesting play
1. No mining or drilling costs. Will get brine from existing gas wells that consider it a problem. CHU will strip the lithium and then re inject the brine
2. Massive area permitted
3. PP just placed
4. Will be quik, easy and cheap to bring to production
5. 71 mill fully dilluted shares OS
6. 30% insider held
7. Insiders buying allot lately
8. Gold property in Africa

Their plan is very unique. Using an existing brine source that the owners consider waste and produce up to 5000 tons of Li per year. If they go ahead this play will be in production far faster and cheaper than all the other junior Li outfits out there.

 
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