+/- 60 days Max for MRE Report (5 million LCE)MAJOR CATALYST within +/- 60 days
The MRE report will officially put NILI on the map with possible discussions with MAJORS.
MAJORS have a fidicuiary duty to their shareholders so they cannot simply justify a blind transaction without concrete data to support them. This data helps to dispel any lawsuits against management by shareholders.
An example of a bad decision was the one made by Barrick Gold into Hercules Silver where they bought +/- $ 25 million worth of stock between $1,10 and $ 1.32 per share. This was an investment based on results of one hole, without awaiting results from other holes, no MRE. Just hope.
Stock traded sideways and then plunged to .72 cents, now at .86 cents and barely holding.
So was this wise of them? No. They overpaid and shareholders can sue because they bought without data.
Another case is that of Stellantis with pumped in +/- $ 100 million into Argentina Lithium for a 20% share with stock trading at 60 cents. Once again no MRE report, just some drilling. Stock is now down to .32 cents, which opens up another possible lawsuit.
In case of NILI they will have MRE report which should show +/- 5 million tons of LCE carrying a retail value of $ 67 billion.
This retail value is subject to grow 4x to 5x, with additional drilling that will bring MRE to +/- 20 million tons of LCE.
With that information on hand, a bidding war for NILI will surface. You will have 20 companies all bidding for NILI.
And we shareholders will be sitting in the luxuries red seats seeing this develop.
Do yourselves a favor, scrap up a few $$$ and keep BUYING, average down your price, those in profits, well average up.
Good Luck,