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Channel Resources Ltd V.CHU



TSXV:CHU - Post by User

Comment by ragingcanadianon Jan 26, 2010 8:00pm
310 Views
Post# 16721933

RE: RE: RE: LONGS

RE: RE: RE: LONGSA byproduct that has the potential to produce 5000t per year! Will this amount happen... I dont know. The venture is littered with dreams. What draws me to this play more than some of the others is the low cost structure. They dont need to drill wells. They get the sampling for free from a 100 wellheads on their land. Pipelines in place. Also will produce Potash and Boric acid. If this management is competent at all they can bring this to fruition in a couple of years for little capital. From what I understand (I am by no means a Li expert) it is not an expensive plant needed to refine Lithium from Brine. It will be more expensive to produce in AB because they dont have the ability to use large evaporation ponds, but they dont need to spend a fortune diggin holes to get it at least.

JMHO of course. Dont take my word. I am new to Lithium and REE plays. That is why I asked for some knowledge from the longs
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