RE:Who do we have to pay?Retirement1982 said- ' How do we get our name in this list? ' Well I emailed the author of the article (Priscila Barrera) of Investing News asking why Cyp was not selected as follows --->
Hi Priscila,
I was looking over your (5) Top Canadian Lithium Stocks TSXV report with year-to-date gains, and have a question with regards to your #5 pick of ‘TSX.V:Millennial Lithium’.
I hold shares of CYPRESS Development Corp (TSX.V:Cypress Development Corp) and feel that Cypress should have been your # 5 recommendation.
CYP announced an exceptional PFS on May 19th, and filed it on SEDAR June 3
rd 2020. You indicate this list was generated on July 8, 2020 using
TradingView‘s stock screener and only companies with market caps above C$10 million are included.
Cypress Development Corp does meet this criteria and is a pure Canadian lithium company located in Nevada.
V.CYP share price at the close of January 2
nd 2020 was 0.19 cents, and the close of the day July 8
th it was 0.32 cents. This represents a 59% gain which is quite higher than the 23.53 percent increase shown for Millennial TSX.V:ML.
I feel that Cypress outperformed Millennial and should have been reported as such. The lithium triangle where millennial is located is going through hard times due to the COVID and Cypress Development is located in the USA (Nevada). I do not understand why you chose TSX.V:ML but surely you have good reasons in the analysis, maybe the TradingView’s stock screener platform has problems. I checked this plartform and TSX.CYP is shown . I strongly believe that this recommendation would have pleased lots of your faithful followers as the profits being generated as we speak would fill their dreams.
Thank you for your interest.
Priscila replied today to my email as follows ---->
Thank you for your email and for reaching out. Very much appreciate your feedback. I've actually looked into this, and for some reason tradingview was not showing Cypress on July 8. I've updated the article to include Cypress now.
Thank you for reading and have a good weekend,
Priscila Now updated as follows: wow ML got pushed to 6th place...
5. Cypress Development (TSXV:CYP)
Current price: C$0.32; year-to-date gain: 68.42 percent
Exploration company Cypress Development is focused on developing its 100 percent-owned Clayton Valley lithium project in Nevada. The asset is located immediately east of Albemarle’s (NYSE:ALB) Silver Peak mine, which has been in continuous operation since 1966.
Like most other stocks this year, Cypress Development’s share price fell to its lowest level in March, trading at C$0.13. However, the stock has been on an upward trend since the beginning of Q2 on the back of company milestones.
On May 19, Cypress Development released a prefeasibility study for its Clayton Valley project. The study estimates an average production rate of 15,000 tonnes per day to produce 27,400 tonnes lithium carbonate equivalent annually over a more than 40-year mine life. On July 2, the company released assay results, and since then its share price has continued moving higher.
6. Millennial Lithium (TSXV:ML)
Current price: C$1.26; year-to-date gain: 23.53 percent
The last of the top Canadian lithium stocks is Millennial Lithium. It is focused on the development of its flagship lithium brine project, Pastos Grandes, situated in the province of Salta, Argentina. The company is also developing another project in the lithium triangle — the Cauchari East project, which is next to Orocobre’s (TSX:ORL,ASX:ORE) Olaroz mine and Lithium Americas’ Cauchari-Olaroz project.
On June 23, the company received government approval for an environmental impact assessment for construction and operation at its Pastos Grandes project.
As with other stocks, Millennial Lithium felt the impact of COVID-19 in March, with its share price falling more than 30 percent by the end of that month. Since then, the company has been steadily recovering and it is now up more than 20 percent at C$1.26.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.