Neo Lithium Corp V.NLC

RE:Good read

[tiger6301]

Hi S-S,

Good summary.

I am trying to point out that ORL/ORE's lithium selling price last Q is more technicl grade, rather than battery grade, so it's selling price is lower that the previous Q.  They stated in the CC, not in PR.  

tiger

supersceptic wrote: Galaxy presentation with their expecation re. Li sector

https://hotcopper.com.au/threads/ann-corporate-presentation-november-2018.4537951/

In2022 expected surge in demand with suppy concerns will be (should be) addressed earlier, but new projects are underfunded.
Per Orocobre's report, we cannot expect any price increases in 2019 or even 2020, that will be NLC's development years. We may witness opposite trend, stagnating or even slowly sliding Li SPOT prices, but projects prices going up anticipating supply problems.

Li sector is, probably, most vibrant in sense of partnerships and aquisitions. Recent new trend mutual diversification between rocks and birne. Large miners want to have both. Meanwhile, conventional buy to ensure vertical integration persist.
Presentation reminded about  Galaxy selling promising Northern part of Hombre Muerto for $280M USD, nearly $350M CAD implying cost of full salar around $700M CAD.

NLC is one of few companies that owen full complex. No wonder insiders buying it at .80c despite already being loaded with shares and stock options. Now, there is large scale selling off NLC suppressing s/p. NLC's cap is 50% of its "twin" ML.

Next few month we will see whether NLC's management is good at "finishing" job. Up to now, no complains, everyting was "on budget on time" with resorces growing in size, quality, and certainity. It would be great if two trends, Li prices and project's growing weight, coincide. Likely not going to happen in 2019. Still Pocso's offer to Galaxy came in worst time for Li, but it did not really affect the salary price.