Neighbornice to see Noram release good numbers yesterday too.... Guaranteed that if our PFS is what it is, Noram will also be a nice investment (i don't own any yet).
a few points from their release:
- "The current price for lithium carbonate (99.5 per cent pure) is $8.75 (U.S.) per kilogram, and most long-term lithium price estimates are significantly higher, given the rapid expansion of the electric vehicle industry. This is a very large and potentially very valuable ($10.3-billion (U.S.) in situ) resource.
- "Our neighbour Cypress Development Corp. has a similar lithium claystone deposit. In their 2018 preliminary economic assessment report, Cypress outlined a potentially viable and very profitable operation, with all-in operating costs at less than $4(U.S.) per kilogram LCE. We believe our deposit is equally viable, and we aim to improve on these economics.
- "Lithium Americas Corp. and Ioneer Ltd. have advanced projects, and both demonstrated the viability of lithium extraction from claystone deposits, so the technology is proven.
- "Presently, the United States government is pro-active in promoting and developing critical metals within the USA, including lithium. This means that there is strong support for developing projects like Zeus which is on Bureau of Land Managementground in Nevada, one of the most favourable jurisdictions for mining globally.