RE:Any news of those 10 Mexican concessions and over $1.00..... The current owners of the Mexican concessions, who have drilled the properties in the past (and kept the results kind of close to the vest), have agreed to sell them to us for $210k, over a period of 5 years, back loaded. That's one of the few actual facts that we know here - the current owners, who have more info about these properties than the people posting here, have put a value on them that is several orders of magnitude lower than the people posting here.
The properties near Fort Frances were obtained by staking. The previous owners (who had done some drilling there too) thought they were so valuable that they let the claims lapse. The historical estimate (another of the very few facts available to us) of 330k tons at 1.15% LiO2 is tiny. For a comparison, look at Nemaska's deposit that is currently being brought into production in Quebec - 19.7 million tons at 1.49%.
The Stares boys are smart. Maybe they know something about these properties that the previous owners in both cases don't. Or maybe the previous owners knew what they had and were so inept that they couldn't properly develop these wonderful properties and finally gave up.
I've owned shares in this company since they were working the platimum group project by Marathon. I continue to own it because these guys are smart and do a great job negotiating deals. But if these properties are worth what some of the posters here seem to think they are (based on nothing more than the fact the price has run up), then the Stares boys have outdone themselves big time.
One last comment. One of the smart things the Stares boys have done in the past is the timing of private placements. They seem to have a knack of keeping the bank account full by doing pp's at market peaks. With a 700% run up in the share price over the last couple of weeks, I wouldn't be surprised to see them stocking the larder shortly.