RE:Thoughts and roadmap 2018Looks like we are on similar time zones, I’m currently in Sweden till the 3rd.
Totally agree wth you, lots needs to happen and it will take time. Market has ENT discovered what Nevada has to offer yet, this is a good alternative play for those still wanting to get into the LI sector at a good entry point BUT lots needs to happen and SX needs to pull through for us first. This is a long game and much money can be made if the patience and luck are on our side. I don’t anticipate much happening in SP until news comes. If positive than we obviously go to the next level, 20-35 cents some are saying. To me if we get good results than I’m locking the key on my shares as it won’t be a matter of if the price goes into dollar figures but when. As per drill results that I suppose is the only other thing to wait on to confirm our resource but I’m more confident that we will have plenty. This is a long term play (look at the longs with LIX), it will pay off if the above two things play in our favour.
Why i think they will play in our favour.
1. Results from SX- recently Dundee CEO took place in the PP offered by SX last week. He bought a healthy amount which leads me to believe the technology would work. Why else would someone take place in a PP if the tech wasn’t a success, this just doesn’t make sense to me. Agreed it’s speculation on my part but it’s the most logical conclusion I can think of.
2. Further drill results- to me this is a non issue. As mentioned before we have had drill results over 1100 ppm which is WELL above typical Argentina commercial levels which is around the 400ppm mark. Even if the other drill results are 40% less (which I don’t see how they could be) we are still above average and in a healthy margin for commercial production. So to me it’s not a matter of IF we have lithium but just how much MORE we have.
The recent LIX buyout is exciting, they fact we are in Nevada is exciting, and at this entry point I think ICM is attractive to many investors trying for a good entry point. Look at NGZ, I was invested in them at .12 cents and once the market noticed the potential it zones to .60 and is at 50s with still being a speculative play. We are similar only we are way undervalued compared to they South America speculative plays, just a matter of time before the market notices us, perhaps some technology results will help with that, wink wink SX