RE:RE:RE:RE:SQMI had a look of scan of NRG, the followings are my thought, and I knew this name, but wasn't ineterested in it so I haven't followed it for a long time.
Their properties are located around the edge or outside of the salar, except a small piece of land inside the POSCO's land;
Their grade is good, but the resource size is relative small, M+I is about 500K, so I assumed the resource if on the small piece of land inside the salar (trying to see their presentation, but NO luck, also no map of drill hole locations).
After announcing the option, NO share price response, it only indicates that NO one else will be interested in NRG.
Geographically, it only makes sense for POSCO to acquite it. Since POSCO has a big pocket and is developing their project, they can completely ignore NRG since the salar is shared, and they can pump brine out of NRG's ground.
I am gussing NO one will be interested in NRG, personally, I wouldn't buy it.
Just my opinion.
tiger
shahabstarship wrote: Yes, completely agree, we might see some integration and acquisitions in the coming months. What do you think about this option buy agreement from NRG Metals (NGZ):
https://www.nrgmetalsinc.com/posts/nrg-metals-announces-hmn-lithium-project-optioned-for-18-million/
Looks like it is completey off the radar. The risk/reward seems too high to pass on this one ($18 in optional payment for 100% take over, the interested party seems to have Chinese backers as well). I reckon probably 3x on the money with a better than 50% probability to be finalized in less than 2-3 months?