Post by
lithomon on May 26, 2022 8:48pm
CYP Turning the Corner & Moving Higher Marginally
Will be interesting to watch SPMT as CYP share price accelerates higher.
Typically, SPMT trades around 16 to 20 cents when CYP moves well above $1.50.
Nothing has changed with SPMT.
The contained Lithium is still there in the ground/clays adjoining the rather large Cypress Lithium resource, relatively in Tesla's back yard.
With 60% of California in severe drought condition and well over 11% of American West in a drought, it may already be too late for even Lithium powered transportation & other Lithium powered applications/uses to reverse the decades of global warming, but Lithium energy is probably one of the last saviors to save the West from drought and wild fires in perpetuity.
It appears America moved too slowly to develop the "key" and readily available Nevada Clayton Valley Lithium deposits.
There is still hope remaining in Canada with valuable high grade Lithium deposits/mines if the political and bureaucratic officials get off their hands and begin issuing Lithium mining extraction permits.
Comment by
Notmyfirstrodeo on May 27, 2022 2:04pm
No worries about lithium as Tesla is close to having a sodium battery that doesn't require lithium, cobalt or nickel and preforms better than lithium batteries. This should take the pressure off these commodities and drop the price. We know how the Elon Musk success story goes so if the info is out there they are are close to getting a viable product.
Comment by
watchmeplz on May 27, 2022 7:24pm
Not so fast, this isn't your first rodeo so you should know, sodium is three times heavier than lithium and is fundamentally less powerful because it loses energy density due to a lower cell voltage. This is mainly because the graphite anodes currently used absorb too little sodium.. but you know that already?
Comment by
Notmyfirstrodeo on May 27, 2022 9:30pm
Of course there are problems with this technology it's been around for a while now and if it was already perfected then that's what would be in use. The other part of the equation is that it's Musk that is doing this and he had plenty of people saying Tesla would never make it and we all know how that turned out.