LITHIUM X ENERGY CORP V.LIX

Metals & Mining Industrial Metals & Minerals

"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."

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LITHIUM X ENERGY CORP > HIVE Blockchain and Frank Giustra Hugging BRIAN PAES-BRAGA

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Comment by Charettmon Dec 14, 2017 12:18am

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Post# 27153457

RE:RE:RE:HIVE Blockchain and Frank Giustra Hugging BRIAN PAES-BRAGA

I also meant to say good luck to all LIX bulls. Supply is drying up and blue skies are coming shortly.

Charettm wrote:
Well sir, Hive doesn't actually "Mine" or hold any bitcoin. They are currently involved in Ethereum and Ripple mining in Iceland where the electricity is cheap. So you clearly don't have a clue what your talking about. Anyway I will never be a long holder of any crypto currency but they do make for a good quick trade if you have the stomach for it.

As far as the technical naysayers, there is method behind the madness and there is a reason why there is a chapter dedicated to it on the CFA exam.

Good luck.

LithiumNPV wrote: Is bitcoin mining really that profitable. The 21 millionth coin is mined in the year 2140.

There have been 16 million coins mined so far so 5 million more to go. But 6 million have ben stolen and I am sure more will be stolen.

6 million x 20,000/bitcoin = $120 billion in revenue across all the bitcoin miners across the world, and there are lots of them.

The net present value of revenues of 5 million tokens over 120 years = 6.66 billion today not taking into account mining expenses which are substantial.

HIVE has a current price to book of 62x. That's insane.

The stock currently trades at $3.13.