Mariana Lithium BrineLooking at the recent NR on the Mariana Brine Technical Report of Indicated Resources on April 20th 2017 news release.. the brine turned results of 306 mg/L.
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"The indicated resource is estimated at 765 billion litres of brine grading 306 mg/L lithium ("Li") and 9,457 mg/L potassium ("K")."
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When I look onto Pure Energy's (V.PE) news release on May 9th 2017 regarding discovering higher grade lithium at depth at Clayton Valley they came up with the following results.
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"The average lithium concentration over the screened interval in CV-7 was 70 milligrams per liter (mg/L) lithium, ranging between 56 and 109 mg/L lithium. The CV-8 samples averaged 134 mg/L, including a range of lithium values from 58 to 229 mg/L."
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so the Marianna Lithium Brine ILC owns, has a higher lithium concentrate than what Clayton Valley Nevada is pumping out.
One would defenitely think once ILC confirms the basin is in good order (which ILC seems overly confident on and says is one of the more prominent basins in the region), that the stock price should correct itself. Buying in today would be buying at the yearly low with a very promising mine of Mariana on top of the Upper Canada Lithium Pool ILC intends to establish set to make noise.