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Century Lithium Corp V.LCE

Alternate Symbol(s):  CYDVF

Century Lithium Corp. is a Canada-based advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, United States. The Company is engaged principally in the acquisition, exploration, and development of its mineral properties. The Company is in the pilot stage of testing on material from its lithium-bearing claystone deposit at its lithium extraction facility in Amargosa Valley, Nevada. It is focused on being a domestic producer of lithium for the electric vehicle and battery storage market. The Clayton Valley Lithium Project is located in Esmeralda County, in west-central Nevada, United States, immediately east of Albemarle’s Silver Peak mine.


TSXV:LCE - Post by User

Bullboard Posts
Comment by desertbarnacleon Jul 09, 2020 11:12am
144 Views
Post# 31245285

RE:Something needs to be done

RE:Something needs to be donedkmabc,

Li is ripping higher, but they are in discovery expansion phase and CYP is in the tough phase of making a mine.  Also, have just looked their results to date and if they have 20 or 30 meters average over burden, their mining costs will be higher than CYP, grades are similar but CYP has thicker and argueably better grades and zero strip.  .

But to your question, maybe it is short covering or maybe they have better holes ready to announce, or both.  The market will move all players to their proper price.  CYP is doing all the things needed, we will have a rip sooner or later on top of the double we just saw.  

Another issue is water.  They are not in the highly competitive Clayton basin re water.  Nothing anyone can do about that, well maybe thats not true either.  Push will come to shove and ALB is going to be under pressure to allow the Clayton to use its water more wisely in the future to produce more lithium, stop the evaporation ponds, it is not in the best intrest of Nevada or the US to evaporate away all the water in the Clayton to make a small amount of product.  

At the end of the day, Li will win and CYP will win, maybe you should own both but look out below if Li is being pushed higher by short covering mainly.  You could look Li short intrest and see if this might be the case.

My thoughts on the disparity at the moment, points to future big gains for CYP.

Bob
Bullboard Posts