OTCQX:NTTHF - Post by User
Comment by
superscepticon Jun 06, 2019 9:59am
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Post# 29802368
RE:Neo Lithium Discovers High Grade Lithium at Greater Depth
RE:Neo Lithium Discovers High Grade Lithium at Greater DepthThis company generates only good news (just knocked on the wood..). Sometimes, not as good as expected, but still good and nobody perferct...
At the same time, if find it upsetting that management seems to underappreciate drillings and deposit expansion and presentation. I do not mind if they will go to minor dilution (20M shares) fund more extensive and expensive drillings. 600M and 10-15 more drills in high grade area.
OK, some widest and deepest holes will come back empty. OK some of porosity won't allow commercial pumping, but at least we will have a map of Northern part and m/b 2-3 times more high grade brine. That would make ORL or LAC nervous, never mind ML (that 30% better capitalize...).
Li is metal, light, but brine with it heavier, the deeper hole the higher grade and now potassium appearing in commercial number?
Presentation too. Give invstor good sensitivity analysis. Show, that deposit is profitable even if catastrophical 5K/ton and show up to 20K/ton of projected 2025 deficit...NPV - start with 0 (metals are inflation proof) and go up to super riski 12%..5K at 12% will show that even at this point we can breakeven and 0% at 20K will show ridiculous result....