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LITHIUM X ENERGY CORP V.LIX

"Lithium X Energy Corp is a lithium resource explorer and developer. It is focused on supplying the lithium battery industry. The company’s property includes Sal de Los Angeles lithium-potash brine project (the SDLA Project), in Argentina's Salta Province."


TSXV:LIX - Post by User

Comment by foundrymanon Jan 19, 2017 3:34pm
215 Views
Post# 25730126

RE:RE:Time to switch to li

RE:RE:Time to switch to li It has gone unnoticed, but I don't think it will for much longer. Positive deveopments about SDLA will bode extremely well for LIX & AAB. It is impressive how LIX is holding up despite not having any real news/developments since August 2016.

Keep in mind, AAB will only end up owning 20% of SDLA, as they're committed to sell another 30% for $5.5 million in LIX shares. If SDLA ends up being as lucrative as the early indications have shown, I would fully expect LIX to complete the transaction as it's currently structured. However, with AAB you also get ~50% of a SA platinum mine, plus a ton of micro-cap companies levered to gold, silver, copper, etc. While they all might not end up being home-runs, I agree, AAB is a much better way to play LIX/PLASA ATM. Full disclosure, I own positions in both AAB & LIX.
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