OTCQX:SREMF - Post by User
Comment by
cigarsailoron Jan 01, 2011 1:33pm
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Post# 17914655
RE: Lithium Advavtages
RE: Lithium AdvavtagesGood post Sunny. Your comment about some of the other Lithium plays is right on. People are buying Lithium stocks just because they might have the word "lithium" in their name. A little DD and you find that most are targeting a Lithium concentrate similar to what Talisman creates - not the same as the battery grade Li that CLQ will produce. Huge price difference. Talison's concentrate gets them $300/ton versus CLQ's estimated product at $5000-$6000/ton.
I too am long on CLQ and wish I would have bought more. I have 40,000 shares at an adj. price of 0.93 or so - but I bought my first lots back when it was under .50
Happy 2011 everyone!