Channel Resources Ltd V.CHU

LONGS

[ragingcanadian]

Any longs here can shed some light on this one. Heard the news was wondering if this is a solid play or another venture mining p & d

[ragingcanadian]

Quiet longs?...No longs?...Interesting play1. 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 brine2. Massive area permitted3. PP just placed4. Will be quik, easy and cheap to bring to production5. 71 mill fully dilluted shares OS6. 30% insider held7. Insiders buying allot lately8. Gold property in

[teevee]

According to the presentation, lithium would be a by product or co product with potash and boron.

[ragingcanadian]

A 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