OTCQX:NTTHF - Post by User
Post by
superscepticon Mar 26, 2019 10:47am
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Post# 29536418
LI spot prices down but stabilizing, NLC refocusing
LI spot prices down but stabilizing, NLC refocusingSecond part of March was suppressive to spot prices, down to 7%.
Over past two month it is being balancing between 10.5K and 12K/tonne.
Contract prices are still incredibly stable, between 13 and 14.5K (excluding l-t legacy of 16-17K)
That is all we need - stability at this level. Would be nice to "recover" to 16K, but lets not forget that comparing to top of the hype is never reasonable. As oversuply worries going away, Li mining is derisking and over-sell over last 6 month may reverse.
Loook like NLC plateaued for now.
We have 2 micro catalysts in the next 3 weeks. Eic submission (can add 2-3% next week) and Pilot plant results (3-4% in 3 weeks)
One enigma - drilling results.
Two major catalysst 2-3 month: EIC acceptance and Financing/JV. I think JV will be signed within 2-3 weeks after enviromental permit is on hands.
5 events in next 3 month; if Li prices will go up, it will be multiplier to the events.
Even more fun,that after signing there will be FS and pre-produciton work, then first production, cash inflow....
NLC as promised move fast in its development, not boring company to invest and forum to follow...