RE:RE:Good RunIs Wayne paying you to post this nonsense or have they given you free trading stock?
This is a classic pump and dump imo, most of the people on the board have been involved in many penny stocks all with more or less the same MO, ie do necessary and sufficent to appear to be a real company while selling the real commodity "near worthless stock".
Look how little they spent to vreate this latest News release
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Under the terms of the letter agreement, STM shall pay to the vendor the sum of US$45,000 upon signing of the lease agreement and the vendor shall retain a 4% net smelter return ("NSR") in the Property. STM shall pay the vendor advance royalty payments on the NSR of US$3,000 per month for the first two years of the lease agreement,[...] In connection with this transaction, a cash finder's fee shall be payable to an arm's length party in accordance with the policies of the TSX Venture Exchange. Any prizes for guessing who pocketed the finders fee?
How much is Litium going to run up in price?
The U.S. Geological Survey produced a reserves estimate of lithium in early 2015, concluding that the world has enough known reserves for about 365 years of current global production of about 37,000 tons per year (Figure 1). Current production goes to a little over one-third for ceramics, almost one-third for batteries, and miscellaneous uses for the last one-third. The same report finds about 39.5 million metric tons of “resources,” which is a less firm category than “reserves.” "Resources" include supplies that could feasibly be extracted economically at some point in the future, whereas reserves estimates refer to current economic viability.
As for cobalt, according to USGS, mining production currently running at about 125,000 tonnes/annum. Know reserves currently stand at 7,100,000 tonnes, over 50 years of reserves at current production rates.
There is little if any premium over exploration costs for new reserves of lithium or cobalt unless extremely high grades make the deposits commercially attractive. Making money out of exploration is extremely risky and in this case likely to be unsuccessful. Everyone knows electric cars and storage is booming, there will be increased demand for material for batteries, the people behind this play hope naive investors do not look more closely than this.