What's good for the 'goose',..... Bob says,... Cypress Development (CYP-V) announced a short form prospectus raise for $17 million at $1.25 in February. Cypress owns 100% of the Clayton Valley Lithium property in Nevada right next to the Silver Peak lithium brine mine that has been in production since 1966.
The Clayton Valley project is big, 593 million tonnes of 1,073 ppm Li in the measured and indicated category. A PFS released in May of 2020 showed a 40-year mine life with a capex of $493 million and a NPV of $1.052 billion. Lithium is in short supply right now and getting shorter. Other lithium juniors at a similar stage of development are selling for 50% to 75% of NPV while CYP is getting a mere 12% of NPV. It is the cheapest real lithium company out there on a per tonnage basis.
SPMT for the taking? Go Spear! GaL