OTCQX:NTTHF - Post by User
Post by
LithiumNPVon Sep 30, 2020 5:22pm
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Post# 31646096
Compare Gold and Copper to Lithium (for Greektome's benefit)
Compare Gold and Copper to Lithium (for Greektome's benefit)Lithium carbonate still at $6000. Converting carbonate to hydroxide costs $1500 so $3000+1500 = $4500 not much room for profit. Whereas gold is at $1900 and copper over $3. I like the price point for NDM ($1.30 CAD) than for the oversupply situation for lithium that is expected to persist through to 2025 at least.
I think gold could get to $2500 and copper to $5. In the next month Rod is coming out for NDM. This is a derisking factor. Once that derisking factor from the ACOE is issued, the price could jump to $5 or $7 or something quite spectacular. I have no idea, but at least somtehing.
Whereas NLC could easily drop below 50 cents. I'd be really scared to go long Neo Lithium at $.81 CAD. Let's assume Greektome remains long at .81 and compare that siutation to being long NDM at $1.30 and see who does better. Remember
Thiessen wrote, "mineral deposits of Pebble's scale and composition are exceedingly rare (and getting rarer). The last time a deposit like Pebble was discovered on American soil was 1863."