RE:dilution 2 achieve acquistionmonstapeake wrote: of lithium project in NWT of some 10 million shares by my calculation along with the offering at $.05. An environmentally unfriendly area for lithium so I can not see this going too far. Folks correct me if there is another take on this development.
The reserves are hard rock lithium and hard rock lithium is often find in colder climite rather than lithium liquid brine which is found in hotter climate.
Lithium that is derived from liquide brine sells for USD1900 per tonne whereas hard rock lithium that is derived in form of rock sells for around USD 1400 because of lesser concentration ratio.However, the cost is approximately $4000.
With 14 pegmatetis we are looking at multimillion tonnes or approximately 49,000,000 tonnes.
49,000,000 X 1400 is multibillion.
As far as acquisition is concerned, 92 can take a bigger risk when it comes to lithium.
Visit the website for more detais.
https://rockstone-research.com/index.php/en/research-reports/716-92-Resources-on-the-case-for-Hard-Rock-Lithium