GREY:NMKEF - Post by User
Post by
longsoloon Aug 24, 2016 7:28pm
566 Views
Post# 25174123
NMX
NMXHello all,
I have been following this site for about 4 months now. I am new to investing with stocks. I am a little worried about Nemaska lithium’s share price of late, then I keep saying to myself.
“Nemaska Lithium intends to become a lithium hydroxide supplier and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles. The Company is located in the mining friendly jurisdiction of Quebec, Canada. Nemaska Lithium has received a notice of allowance of a main patent application on its proprietary process to produce lithium hydroxide and lithium carbonate. The Company is pursuing patent protection on this process in multiple global jurisdictions.
In tandem, the Company is developing one of the richest spodumene hard rock lithium deposits in the world, both in volume and grade.”
I think it’s not a question if they are going into production, I think it’s a question of what the share price will be after NMX raises the capital?(which they will, sitting on possibly one of the largest lithium deposits in the world)
Now don’t get me wrong, I get it. They need to build everything (hydromat, patent (electrolysis) better work like they say it does, amongst other tripwires. But again, who walks away from the 2nd largest deposit in the world with nothing?
What is this mine worth once in production? Take a look at the feasibility study. Factor 10 percent more resources. What is this company worth at that point in SP?