RE: Thinking long for a payoffNot much trading the last 5 days. Most of the trades have been for small amount eg 1000 shares. The selling has tapered off.
| 05/22/2018 | 0.30 | 0.30 | 0.29 | 0.29 | 111.71k | -0.01 | -3.33% | 0.29 | 32.88k | 41 |
| 05/18/2018 | 0.295 | 0.30 | 0.29 | 0.30 | 27.03k | 0.01 | 3.45% | 0.30 | 7.95k | 16 |
| 05/17/2018 | 0.30 | 0.305 | 0.285 | 0.29 | 130.38k | -0.01 | -3.33% | 0.29 | 38.74k | 32 |
| 05/16/2018 | 0.295 | 0.31 | 0.285 | 0.30 | 105.3k | 0.005 | 1.69% | 0.30 | 31k | 21 |
| 05/15/2018 | 0.28 | 0.30 | 0.28 | 0.295 | 50.19k | 0.005 | 1.72% | 0.295 | 14.48k | 15 |
The PEA is due out before the end of July. Only 9 weeks. Taken from the last News release (below) The PEA will examine
surface mining in conjunction with tank leaching for the deposit, with on-site production of a lithium product from the leach solution. The mining operation will be based on excavating and transporting the soft sedimentary material that does not require blasting and has negligible overburden.
Processing will be based on leaching the lithium using weak sulfuric acid solutions at near ambient to elevated temperatures. Laboratory test work continues to show lithium extractions greater than 80% can be achieved in under 8 hours with relatively low reagent consumptions,
and conventional downstream processing can be used to produce a high purity lithium product on-site. The anticipated completion date for the
PEA is in the latter part of July, 2018. Terre Lane, J.J. Brown and Dr. Todd Harvey, of GRE are the qualified persons as defined by National Instrument 43-101 and have approved of the technical information in this release.
About Cypress Development Corp.:
Cypress Development Corp. is a publicly traded company focused on developing the Company's 100%-owned Clayton Valley lithium project in the State of Nevada, U.S.A.