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Neo Lithium Corp V.NLC


Primary Symbol: NTTHF

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

Bullboard Posts
Post by superscepticon Feb 04, 2019 5:42pm
107 Views
Post# 29317582

As it is depressing now, it will be fun soon...

As it is depressing now, it will be fun soon...INDUSTRY
LI Industry is "depressed" because of fallen Li prices, despite surge of demand.
Supply responded well and it is race between them. 20-22K oversupply in 2018, but it include de-stocking trend.
De-stocking is long term only when industry itself on decline (like it was with uranium after Fukushima). Not the case with Li, that means - sooner or latert we will see re-stocking. 5 new Australian mines entered in 2018. 3 other expected in 2019, but continuous expansion of SQM, ORL and others will be more influencing this time.
Demand is everywhere: EV, Storage (fastest growing component)), tools. EV now includes trucks, planes, busses....
Overall Li prices are unpredictible because supply/demand difference is so thin, most say 20K surplus first 6 month, next 6 month trend toward better or full balance.

NLC - that is where most fun, especially during frist 6 month,  timing is depending on level of optimism:
FEBRUARY - EIA submission
MARCH - plant operation
MARCH/  APRIL - drilling results
APRIL - PFS
APRIL / MAY - plant results
MAY / JUNE - EIA results
JULY - partnership (most speculative)
AUGUST / SEPT - financing (if partership is signed)
DEC - FS

I am slowly accumulating NLC, would go faster with shares under .80, but need to pay bills first....


Bullboard Posts