OTCQX:NTTHF - Post by User
Comment by
SnowyWindowson Nov 15, 2017 4:06pm
65 Views
Post# 26971191
RE:Alternative Lithium Plays
RE:Alternative Lithium PlaysHonestAbe wrote: Another stock I follow is: ML (Millenual Lithium).
ML is at a very similar stage of development like NLC and eerily similar qualities too. Their flagship lithium project seems to gave good grades and maiden resource estimate to be released anytime this month now. Engaged a firm to complete a PEA by Q1 2018. Quality management like NLC; new CEO has track record of success in two past potash ventures that lead to buyouts.
Valuation right now are similar: ML with 70.6m at $3 with $45m cash and NLC 116.6m at $2 (assume warrant acceleration, full financing including overallotment) with $70m cash.
IMHO the thing tipping it over favourably to ML is their lithium brine is near a paved highway and close to a power line. NLC has to build out a road that is far away from highway and power lines are not close either. So capex is likely to be smaller. Also, ML plan for an initial 10,000 tpd design that is scalable to 25,000 tpd.
ML was on my follow up to research list but somehow I missed it and only recently investigated. I see that ML rose from $1.25 low post-China news to recent $3.60 high, whereas NLC rose from $1.20 low to only $2.15. So ML is a top performer. I think both ML and NLC belong in portfolio of lithium stocks to own, but I have scaled back my NLC exposure to add some ML.
After seeing Millenual Lithium’s ploy with Southern Lithium I don’t trust anything that company does. Very shady to see how largely shorted SNL.V was, and have it be a land agreement with Millenual. I would stay away