GREY:NMKEF - Post by User
Comment by
Drobinveston Jun 04, 2018 10:13am
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Post# 28119453
RE:Now THAT is support!!
RE:Now THAT is support!!Quebec Government also invested 130 million $. The Plan Nord has been a big deal for the Liberal Party in Quebec and they are going into elections next year. A great investment here and ownership in a lithium mine (two soon I hope if they do the same with CRE) and they would win a few votes. Resources Quebec is a branch of the Caisse de depot who manage public pension plans in Quebec, I own one of those pension plans and they are very well managed (11% per year on average in the last 14 years). I would follow them into an investment without fear.
Just look at what public investment did for Bombardier in the last year and you will have a good example of what can happen here, although I understand we are comparing apples and oranges but what I mean is that public investments are not made blindly.
Also, we are only at the beginning of the lithium boom.
NMX's lithium spodumen is already spoken for until the plant in Shawinigan is up and running.
The mine will be ready in 12 to 15 months if all goes well and the plant in 44 months.
We can sleep tight with this one.