Neo Lithium Corp V.NLC

Primary Symbol: NTTHF

Metals & Mining Industrial Metals & Minerals

Neo Lithium Corp is engaged in the business of exploration operations. Its principal business activities are the exploration and development of resource properties. Its project includes the 3Q project. It operates its business in the countries like Canada and Argentina, however, most of the revenue is generated from Canada.

OTCQX:NTTHF - Post by User

Neo Lithium Corp

Bullboard Posts

Comment by tiger6301on Jan 08, 2018 8:08am

142 Views

Post# 27304082

RE:RE:RE:Expected stagnation on low vlume

Hi schrodingerscat,

Just to confirm that you are completely correct that the Measured Resources is all from the brine lake, and I read through the NI43-101 report last night.

I also agree with you about the resource below the lake, since it is hard to set up a drill. I assume the brine will not frozen during winter, and it is also hard to set up a barge in that remote area.

I believe we should hear some drilling news soon since they said that one of the drill was on site before the holiday.

tiger

schrodingerscat wrote: the grade of the lake is known.
otherwise how could they have rated it as a measured resource with 52,000 tonnes of lithium carbonate based on 100% extraction(reality is somewhat less).
anyways average levels of the lake have been calculated at 791 milligrams per litre.

my thoughts on the lake is what lies beneath it,because there have been no attempts at setting up a rig and poking it a few times.depth porosity etc.obviously there is some upside here.
but the lake is in the measured category ie. sure thing, except for fresh water inflow and dilution as it is drained.

hopefully this seasons pump tests can meet the 35000 TPA production goal.