E3 Lithium Ltd. V.ETL

Meanwhile ,back at the ranch...

[AuAgLi8]

- Unlike Goldman Sachs recent predictions the price of lithium carbonate in China has risen to over $76,000. U.S. in the spot market over the last couple weeks taking small but steady increases .
 This  reflects the continuing long term strain on supply that the Gurus in the lithium space preach about. Supply will unable to keep up with demand for anywhere from 3 to 7 years all things being equal.
       I believe the price on renewing long term supply contracts will be in excess of $25,000. per tonne.This bodes well for ETL and its financials for the upcoming P.F.S.. E3's P.E.A. was based on a selling price of $14,079. per tonne lithium carbonate.
         The new math works well with E3's original P.E.A.,can You imagine what is does with a resource that has over tripled in size to the largest resource of lithium in the world that is documented at this time and at a lithium carbonate selling price at least 50% higher. The original P.E.A. valued E3 at $1.1 billion U.S..
     All this for the mere price of $143,000,000. Canadian as of August 16/2022.

-Draw Your Own conclusions.

[UNKLAL]

With only 58 million shares this stock is massively under valued. Let's hope someone doesn't come along n try to buy us out for peanuts n take us private!!! jmo UNKLAL

[Yajne]

Agreed AuAgLi8, even simple 'back of the envelope' calcs suggest that SP should be higher by 60X. Only thing missing now is continued validation and derisking. IMO the market has not yet seen a commercial brine project of this scale so has not yet rewarded E3. However this should begin to change during balance of 2022 as E3 delivers on their plan and samples from the field pilot are sent

[jcw604]

You are more optimistic than Redcloud.

[AuAgLi8]

- I am Very optimistic . -Koby at Red Cloud has guidelines to follow . I can dream a longer time frame dream. I believe E3 represents a multi-generational , transformational opportunity to the new world of battery transportation and energy storage. Can You imagine buying into the Saudi Oilfields at the time of discovery and holding a position. -Chris and His Team continue methodically to de-risk

[UNKLAL]

I totally agree with your post n it is well said!!! BTW my boots are full n if the stock goes to where I think it will go, I'll be a multi-millionaire on this stock alone!!! UNKLAL

[Yajne]

Further to your comments AuAgLi8, it must be noted that E3 is extremely well capitalized with no need to raise funds until they are ready to pursue the full scale plant. Cash on hand June 30...$14.7 mil In the money warrants.....$7.8 mil (all expire on of before Feb 2023) Imperial investment.........$6.3 mil  (plus $6.3 mil warrants exp July 2024) Capex this year.........   ~($15 mil