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Argentina Lithium & Energy Corp V.LIT

Alternate Symbol(s):  LILIF

Argentina Lithium & Energy Corp. is a Canada-based natural resource company. The Company is focused on acquiring lithium projects in Argentina. The Company explores, develops and advances its four key projects covering over 67,000 hectares (ha) in the Lithium Triangle of Argentina. The Company’s projects include Incahuasi Lithium Project, Antofalla North Lithium Project, Rincon West Project and Pocitos Project. The Incahuasi Project includes a 100% interest in over 25,000 ha of granted mineral rights properties in the Incahuasi Salar and basin in Catamarca Province, Argentina. The Antofalla North Project covers about 10,839 ha, including wholly owned and optioned claims. The Rincon West Project includes mining concessions covering over 5000 ha at the Rincon Salar. The Pocitos Salar Project includes over 26,000 ha of properties subject to four option agreements. The Pocitos Salar is located approximately 100 kilometers west of the town of San Antonio de los Cobres.


TSXV:LIT - Post by User

Post by MxPxon Oct 26, 2017 6:54am
144 Views
Post# 26860617

Could be a quick 10 bagger

Could be a quick 10 baggerLIT is drilling in an underexplored area of Argentina.  The VES survey provided important indicators that Lithium bearing brines are present.  LIT is drilling and volume and share price direction indicate drilling is likely going well. LIT has the option to earn a 100 percent interest in the Arizaro lithium brine project in the Arizaro salar (the largest salar in Argentina).  LIT is also evaluating other acquisitions in the Lithium sector (likely in Argentina).  Lithium stocks are on a huge run.  LIT shares are tightly held which causes rapid share price appreciation.  If LBY is sitting with a 125 million dollar marketcap and they are not drilling then a lot of pending catalysts could push LIT stock to over a 200 million dollar marketcap in short order.  
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