RE:Weekly TA UpdateHowestreetbull, I am always fasinated by this type of analysis, thanks for posting, it does make me wonder if I am considering everything. ILI has moved up I suspect because the supply and demand equation for Lithium in the Global Markets is getting a bit strained. I guess there just isn't sufficient supply,........ ILI appears to be well positioned to take advantage of the price of Lithium and market demand by their recent acquisition.
..."....
has planned a 3,000-metre drilling program on its Jackpot lithium project. The company has contracted Niigaani Drilling Inc., who will begin the program in early February....".... Highlights from past drilling included (see press releases dated April 18, 2018, and Dec. 13, 2018):
- J-18-04: 7.23 metres at 2.47 per cent lithium oxide (Li2O) including 2.00 m of 4.48 per cent Li2O;
- J-18-06: 7.00 m at 1.60 per cent Li2O, including 3.00 m of 2.30 per cent Li2O;
They just closed approximately a $3.4 M financing.