GREY:NMKEF - Post by User
Comment by
Bluebirdson Aug 30, 2015 9:40am
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Post# 24063108
RE:Tesla Supply Agreement with its "First" Lithium Junior
RE:Tesla Supply Agreement with its "First" Lithium Junior Agreed Wirtz, this is particularly significant for NMX, with full mine permit approval expected tomorrow because:
- Provides a stark indication that the race to secure lithium supply is moving faster than anticipated.
- Tesla is prepared to source from junior explorers rather than the established monopoly of lithium suppliers.
- Immediate proximity to Nevada Giga-factory is no longer an overwhelming advantage. Sonora deposit is in Mexico.
- With full mine permit approval expected tomorrow, NMX is at a much more advanced stage of development. BCN PFS not expected until 2016!
I am also invested in BCN, but their combined market cap with JV partner REM of approx $300m makes NMX's $45m look like a bargain in my opinion!