OTCQX:NTTHF - Post by User
Comment by
SnowyWindowson Jan 22, 2018 6:30pm
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Post# 27411569
RE:RE:RE:RE:RE:RE:Reason behind the current drop.
RE:RE:RE:RE:RE:RE:Reason behind the current drop.Not2Sirius wrote: LithiumNPV wrote: From my understanding NLC only has 50,000 tonnes measured which is peanuts. The reasource is just not that big. That's always been the problem that people fail to address.
As people realize bitcoin is going below $500, people are realizing NLC is going to have to do better and find a bigger resource.
You must have been drooling when you saw today’s price drop. Our most infamous troll.
The measured resource was also 50,000 tons when the market valued this in the 2.50s. That hasn’t changed. What has changed permanently is there is more supply, so everyone’s prices are going to drop a bit. As some have pointed out here, that may comfort automakers and initiate an acceleration of EV rollouts, where before they were afraid of supply constraints. That side has not been factored in. This is an overdone panic sell. The reason imho that we are falling hard but AAL and ML are not is that we haven’t made any initial financing/JV relationship moves as they have. The people selling today fear this may not become an operating mine. If you believe it will, this is a great buying opportunity. That was rhetorical, LithiumNPV, I don’t actually care what YOU think.
Happy to wait this out, it will be a good test of my patience.
GL
N2
N2S we were in so early.. no reason to come close to losing patience. We both know this will go into production. This is just the first drop/correction so I agree a lot of it is overdone, but it has been up so much that it can continue to go lower (be careful those of you looking for short term gains). It’ll be interesting to see where the supply/demand goes in the next few years, but NLC is such a low cost producer it won’t matter (and that should worry the big guys FMC SQM ALB)
On the other note I’m very happy our troll is back. We should see a nice pop up tomorrow because I consider him to be our good luck charm. NLC gained 100% when he first started mucking around