RE:Is NMX the next bankrupt Canada Lithium due to If you look at NMX's specs on their new PEA vs PE's specs you will see that the cost for each company to produce a tonne of pure lithium hydroxide is almost the same. The cost for NMX to build the main factory looks like it will cost more than what PE's would cost. However PE doesn;t have an actual detailed PEA out like NMX has, so we won't see as accurate of how much it will cost to build PE's factory until they have their actual PEA out there.
Although it may cost less for PE to build their main factory than NMX, another thing to consider in business costs for PE is how much it will cost them to get the raw lithium to the actual factory. Perhaps this cost per tonne may exceed NMX's cost. We won't know this until PE put's out their actual PEA.
Just the fact that NMX has the milestone of putting out their updated PEA is worth money which should reflect value towards the share price.
Shareholders are waiting on PE's PEA which is supposed to come out this summer. So far the stats on PE are estimates which are not as near as accuracte as what stats from their PEA would be.. We still don't know if PE will ultimately have the 816,000 tonnes of lithium originally forecasted due to their negative test results on their last 3 drill test which caused their share price to plummet insanely in a manner of minutes after the news hit.
The reason why I am talking about PE here is because of your talk that hard rock is too expensive vs brine. PE is the company who would be closest to be able to build a factoryi to be able to produce pure lithium in hours rather than waitng for years to evaporate lithium in ponds like the current producing brine companies rely on. If you did your DD you would know what I am talking about.
Those present lithium producing companies that currently dominate the lithium sector rely on ancient technology using evaporating ponds which take years to get any results. Ultimately NMX and PE's state of the art factories producing pure lithium in hours instead of days seem to take precedence over the cavemen companies current methods I am gonna place my bet on state of the art rather than caveman technology.
NMX has support from the Quebec and Canadian government to recieve funding in the millions for non repayable grants. PE doesn't.
PE is much further ahead of the game than all the other brine companies who are trying to make it to a production status, however NMX is so much further ahead of the game than PE in respect to ultimately arriving at having a main factory built that will produce huge quantties of pure lithium per year.
. NMX has their mini plant projected as up and running, producing essentially pure grade lithium next year. The cost is covered for that. 13 million for that was given as a non repayable grant. Another 13 million was raised in financing and the last 12 million was promised as payment up front for exchange of delivery of 12 million in lithium. That 12 million is expected to be paid even before the lithium is produced. That shows some confidence in NMX right there.
Do your DD folk's. If you did do your DD then you would not only understand what I have been talking about but you would understand even further why NMX is a good investment when it comes to lithium companies
