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Century Lithium Corp V.LCE

Alternate Symbol(s):  CYDVF

Century Lithium Corp. is a Canada-based advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, United States. The Company is engaged principally in the acquisition, exploration, and development of its mineral properties. The Company is in the pilot stage of testing on material from its lithium-bearing claystone deposit at its lithium extraction facility in Amargosa Valley, Nevada. It is focused on being a domestic producer of lithium for the electric vehicle and battery storage market. The Clayton Valley Lithium Project is located in Esmeralda County, in west-central Nevada, United States, immediately east of Albemarle’s Silver Peak mine.


TSXV:LCE - Post by User

Bullboard Posts
Post by bootsy50on Jul 23, 2010 9:44pm
880 Views
Post# 17293782

Idle Drill

Idle DrillAt ( according to DH ) a cost of $300,000.00 a month for the drill and assuming the cost doesn't change whether it's drilling or not.I would think that any assays would be rushed.Jordan at CYP said they were using a local lab in Red Lake that has only been open for a few months.I asked if it was G's lab and he said it was not.He confirmed the sticky drilling and that they chose to stop,reassess after the assays and then decide if it was worth taking the chance of getting the drill stuck and losing the hole.Again.Which would pretty much kill this stock.My opinion only.So lets all hope that DH is keeping the office in the dark and the SOB has finally found what we have been hoping for.I was told not to expect any results until the assays were completed for the bottom of this hole.Apparently the assays for the 2500 meter intercept are in.With assays due out in the week after next.Maybe.Why would anyone be selling at these low prices?Could it be an intentional suppression of the stock price as some one has already mentioned?I guess if you believe that then you believe the banks have been supressing the price of gold.Tune in next week.Same Bat Time same Bat Channel.
Bullboard Posts