ORE 5.88% $2.70 orocobre limited

pure lithium and potash play

  1. 3,731 Posts.
    ORE could be a little beauty depends on how the story is developed.

    The company keep its lips tight, without releasing the details analytic data Salar de Olaroz.

    So far published figure is about:
    (compare with:
    ADY's Salar de Rincon;
    FMC's Hombre Muerto, and
    RWD's Lake Disappointment)

    1. 900ppm Lithium (ADY 394ppm, FMC:620ppm, RWD NA) )

    2. Low Mg,Mg/Li ratio =2 (low is better, ADY: 9.3, FMC 1.37)

    3.Lithium target: 1.5 to 2 million tonnes of Lithium Carbonate (ADY:9.5mt, FMC?, GXY, 0.35Mt in spodumene, RWD,NA)

    3. K grade: est. 0.7% (ADY's 0.8%, FMC's 0.62%, RWD: 0.32%).

    4. Potash Target could be as high as 10Mt (ADY 51mt, FMC? RWD: 27.37Mt (different product))


    5. Market capital: $8m with $6m cash (ADY:NA, FMC;NA RWD:$54m, GXY $16m with $0.3m cash)

    The conclusion is ORE is worth to speculate for potash, and Lithium. Could be worth a lot more if it could come with a resource soon.

    The chance is very high. One of the key person, Garlos Zimmerman, has involved in ADY's Rincon Salar. Also, it is so close to Rincon Salar, it might make sense to merge it with ADY, if not taken out by one of the auto manufacturers.


 
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