OTCPK:BLILF - Post by User
Comment by
laporteon Nov 13, 2020 2:34pm
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Post# 31896529
RE:RE:RE:looks like this dog
RE:RE:RE:looks like this dogThe obvious and easiest answer is supply and demand. If you research other lithium exploratory plays they seem to all follow the 5 year pattern of BRZ. Enthusiam was high for lithium then dropped off. Simply put, with the rise of EV's do you seem demand for lithium to forever stay depressed?
Me neither. For miners having high purity deposits is essential to starting a project. The MSB project is the highest purity pre-production play in Chile. Combine that with, dare I say, insatiable demand for EV's and I have high confidence in the MSB to come to fruiton.
Another easy but accurate answer is COVID. The MOU with CODELCO was materializing, off take agreements nearing, construction contracts looming and MSB was within 6 months of putting shovels in the ground. Then COVID and all the aforementioned took a step back to reevaluate as did many industries.
The most recent press release is reassuring to know all of these discussions are still in play. The interest is there for this project to succeed. Full disclouse my strike price is $0.44 so I am in a holding pattern as I would suspect the majority of other shareholders are.
I am long and would suspect that by mid-2021 we will see signed deals in place and shovels in the ground Q3 of 2021. Should that all materialize this stock will be a minimum 25-50x mulitplier from the current SP.