Neo Lithium Corp NTTHF

Metals & Mining Industrial Metals & Minerals

Neo Lithium Corp is engaged in the business of exploration operations. Its principal business activities are the exploration and development of resource properties. Its project includes the 3Q project. It operates its business in the countries like Canada and Argentina, however, most of the revenue is generated from Canada.

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Neo Lithium Corp > Looks like a feeding frenzy

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Comment by LithiumNPVon Jul 16, 2020 2:18pm

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Post# 31277230

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Looks like a feeding frenzy

RuudinFrance wrote: Thanks for your appreciation Greektome, especially in the early days there was a lot of DD to be done.

I suppose we're somewhat alike.
Both "old" (made 70 yesterday), fairly well off, long NLC, overexposed NLC, averaged down to this degree of over-exposure, confident in future of NLC.
I'm holding more than 40% over what I want(ed) to hold. The averaging down possibilities were just too attractive. When we get to $1, I can start selling those 40+% at >100% of purchase price and further reduce the average (calculated) price.
With luck, I can get it down to the price I paid for the ones given to the grandchildren (study fund).

Page 111 of the PEA report was the turning point for me. Such a natural simple and clean process. Basically, we produce lots of tablesalt, a lot less of salt mixture K/Na-Cl, a bit of gypsum and very little of "other rubbish". All environmentally reasonably harmless at the location of 3Q.
They've mentioned potassiumchloride as a byproduct, but I don't see much commercial value there.

Proceeds of selling the 40+% will go into the other overexposed position (O&G), which is in a similar position as NLC is/was.
We'll just have to wait and see how this all develops.

Have fun.

Greektome wrote: To Rudy, I've been an investor in NLC for several years and have had the great fortune of averaging down over the last year and a half. I value your opinion and appreciate the links you provide. I hold more shares in this company than I care to admit, thank you for your DD over the last few years. When I read JL's reports and consider the bottle neck supply and demand scenario over the coming next few years I'm as optimistic and as confident as I was in Air Canada 8 years ago that made me a wealthy old man....I have been an investor for many years in various projects and have never felt as comfortable with a venture play as NLC in many years. I have done my DD to the fullest, this is the best of the best. Trust me this is a once of a life time opportunity. Soon the investment community will see what we have seen for the past few years. The stars are aligning. Good luck to all.