The primary project consists of a 7500 ha property at Guayatayoc located in the center of lithium production in Argentina. Prior work on the project was for the production of borates; however, samples were taken showing a good grade of lithium. The project was approved for mining borates and the Argentine government has just allowed lithium to be added to the existing mining license.
This company is a zero brainer. They have right at 19 million shares outstanding with a price of about $0.40 a share. So call it slightly below $8 million market cap. There are literally dozens of companies out there in the lithium space with moose pasture, no hope of ever getting a mining license and market caps ten times higher than AIS.
AIS has hit the ground running. Having a mining license in hand is giant. There has been 2D Seismic done on the project and identified where the aquifers are. They are starting a pit sampling program drilling down four to five meters on a 500-meter to 1,000-meter grid. Once complete the company will do infill pits on a 100-meter to 250-meter spacing to increase the quality of the resource.
The company just added an extremely qualified lithium guy who developed two major lithium projects in Argentina and was active in three lithium projects in the last four years. The Director, Phillip Thomas, worked on the Rincom salar project in Argentina and prepared the bankable feasibility study for the property. He is one of the most experienced and top guys in the lithium field in South America and especially Argentina.
AIS is paying $150,000 USD for a six-month option on the project and there is a further US$4.5 million due at the completion of scientific studies and exploration for a 100% interest.
There are probably seventy-eighty different Canadian juniors all claiming to be the best investment in lithium. Most of them are scams and will never see production. The market believes there will be a lithium shortage through 2025 but at some point the market will be saturated. Lithium is common. It’s not the biggest project or even the best project that will cross the finish line, it’s the few who can get permitted and into production soonest that will reward shareholders.
Prior exploration showed lithium values between 200 and 800 ppm. That is considered highly economic. Magnesium to lithium ratios are less than 4-1; excellent for low cost processing.
AIS is not an advertiser. I have participated in a private placement based on knowing senior management from past deals. I think they have a home run, they certainly have one of the most qualified technical teams I have seen and they have a mining permit. That will be golden. Please do your own due diligence.
A.I.S. Resources Ltd.
AIS.H-V $0.40 (Nov 01, 2016) />
19.2 million shares
Bob and Barb Moriarty brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 international aviation records.
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( Companies Mentioned: AIS.H:TSX.V, SOLG:AIM)