NVLH trading down despite very positive results Nevada Lithium ( $NVLH.C ) is trading pretty low despite the good news that they have had recently: Last week they filed a National Instrument 43-101 (NI 43-101) Technical Report on the Preliminary Economic Assessment of their Bonnie Claire project.
The PEA found that the project could have a:
- 23.8% after-tax internal rate of return
-15k tonnes/day processing rate over a 40 year mine-life
- overall lithium recovery of 74.4%
- be worth $1.5 B after-tax net present value at an 8% discount rate
These results bode very well for $NVLH becoming major American lithium producers in the.
Bonnie Claire is thought to be one of the largest lithium deposits in the US, and is NVLH's main asset.
NVLH @ $0.56, MC $27.75 M
https://www.newswire.ca/news-releases/nevada-lithium-announces-filing-of-ni-43-101-preliminary-economic-assessment-technical-report-for-the-bonnie-claire-lithium-project-nye-county-nevada-840121787.html