Advantage Lithium Corp AVLIF

RE:RE:downward pressure today?

[Not2Sirius]

tiger6301 wrote: The followings are my thought:
1  Resource size is reasonable, but only inferred and it cannot be used for Feasibility Study.
2.The resource size is still cannot compared with LAC (not sure about ORL, though I am a share holder for both);
3.  Grade is average, but much lower than both ORL/LAC;
4.  The SO4/LI ratio is too high, so higher cost;
5.  Most critical part is AAL shares the same salar with LAC/ORL, which I don't like it.  Since lithium is contained in the brine liquid, and AAL's properties are next to LAC's, so LAC's wells can suck AAL's brine.

JMO, don't have a position in AAL, just watching and waitting for the resource.

tiger

jeremyhogg wrote: Does anyone have news explaining the selloff this morning?

Hey Tiger, 

I also have some concerns about the sulphates and the processing costs.  NLC’s brine (as you would know) is at 0.5 while AAL’s ratio is in the 20s-60s.  I am not that concerned about the grade - they need a lot more drilling and I expect the grade to be a fair bit higher on the FS.  As for the shared salar comment, I actually asked this question of the AAL crew on my rounds at PDAC in March.  They said to not visualize a drink with three straws in it (AAL, LAC, ORL), but instead visualize three straws in three big, separate sponges.  This does make sense to me, or else the brine in Cauchari-Olaroz would be more uniform, but as we are seeing with the sulphates, that’s not the case.  I am hoping for a big improvement in brine chemistry on the next round of drilling.  Maybe a little update for the PEA as well.  I have about half of the position size here that I have in NLC, which remains my front-runner of the Argentina brine juniors.  AAL I still like, but am a little disappointed in the chemistry.  I am hoping they can exclude some of the worst areas that got into this estimate when they aren’t so concerned about ‘beating estimates’ on total size.

GL, DYODD
N2