Noram (NRM) is up 36% today on plans for drilling on Zeus...Interesting to read, Cypress is mentioned in Noram's todays news release...
https://www.accesswire.com/577677/Noram-Announces-Plans-for-Phase-5-Drilling-of-Zeus-Lithium-Deposit
Noram management is encouraged by significant recent advances in successful lithium recovery from other claystone deposits in Nevada.
Adjacent to the Zeus property, Cypress Development Corp. has a similar lithium claystone deposit that is also within the Esmeralda Formation in Clayton Valley. All indications are that the Cypress' Dean-Glory deposit is nearly identical to Zeus in terms of mineralogy, and is very similar in terms of grade and tonnage. Cypress has conducted a Preliminary Economic Assessment, and announced successful lithium extraction from the claystone, and favorable economics, with all-in operating costs at less than $US 4/kg lithium carbonate produced. Lithium carbonate currently is $US 8.75/kg, so the operating margin is significant (see Cypress Development website). Noram management believes that the Zeus lithium claystone deposit is directly comparable to the Dean-Glory deposit.