Post by
deepoil0808 on Jan 18, 2024 9:43pm
The Chinese / Musk / Brw.v (were all wrong)
In life you have to do your own due diligence cause if you listen to alot of this clowns, you will be misinformed.
Lets start with the Chinese that would have you believe that there is an oversupply of lithium. The reality is that 70% of the lithium produced in China is not battery grade material, it is garbage. And lithium price looks articially manipulated.
Musk said that there is an abundance of lithium on this planet. You have to read in between the lines to notice the lie. On planet earth, there high grade lithium deposits in high grade and battery material are RARE. Case in point late, many companies are failing to find economic lithium deposits or, even in high grade. The truth is coming out.
BRW.v had lured investors with a sales pitch that they had 800 pegmatities to choose from and wanted to find 10 to 15 lithium big deposits. Do you know how many big deposits they have found around Canada in the last year, NONE. Sure they hit 30 meter here and 30 meter there, but nothing of depth or high grade.
Many of these companies are running towards Uranium. Case in point was SIE.V which had hoped to have a NILI type of hit in north of Nevada. Turns out lithium is not even commerical grade so they are running into Uranium.
PMET which was supposed to have a fantastic deposit is going towards new lows because of their grades, it is not high grade. Deposit is big but economics are no longer there.
So with all of this, who is left: NILI
With highest grade deposits in USA, shallow deposit and most likely dwarfs the LAC deposit once 2024 drilling is done.
NILI is a CROWN JEWEL.
Good Luck,
My personal opinion,