GREY:NMKEF - Post by User
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TFSAfundson Jan 07, 2020 2:24pm
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RE:Nemaska lithium will be worth several billions when it goes
RE:Nemaska lithium will be worth several billions when it goesTothemoon514 wrote: I hope alot or investors do not forget why they buy into nemaska in the first place. If nemaska lithium get the financing they need to go into production, nmx will be worth several billions and longs will make huge profits. Not only will nmx be in one of the most secured and reliable location on the planet, they also will mine and purify their product for use right here in Quebec. This is important because most or all other lithium mining company usually mine lithium and send it to companies in China to purify which can be very unreliable and add extra cost. But nmx will mine and purify it themselves. Nmx made a huge mistake going over budget and because of thar one of its creditors (nordic trustee ) is coming after them hard for penalities. This is what put us in all of this uncertainty...but remember all of the other nmx creditor are still supporting nmx and the government of quebec is also supporting. Let s hope they will work it out for the sake of so many who put their hard earned money in this project. So it s not all terrible like some posting will have you believe, in my opinion it s more likely that nordic trustee will work it out with nmx restructuring their loan with lower interest and zero or less penalties . More likely other investors will come onboard once nordic trustee loan is restructures because IMO the project is Too good to go to waste
"for use right here in Quebec" ??? Please identify a company or two in Quebec that would actually use NMX's output... (aside from pharmaceuticals, lol)