Neo Lithium Corp V.NLC

RE:Another drilling season!!!

[neosceptic]

This is a great news.
The management was cautious with cash and limited drilling in environment when over-supply wasa a problem. If you have more resources (not much value during downturns), but less cash, company valued less and in shaky negotiatyion positiion.

Now, with increased and stable Li prices, with worries of inadequate supply, expansions are welcomed by market.
The risk is lower with CATL behind us too. 
If NLC will demostrate higher resource base, especially high grade ones, share price will go up (assuming present economic situation persist of improve). 

With higher share price, the financing will be a lot more favorable (we would need certain amount of cash rasied in equity market 100M at $2.50 compare to $5 result in much higher dilution).

Also, the work needed anyway. NLC need to know what is true size of the deposit to create a best possible development plan.

So, I think drilling will have multiple objectives. Hole #26 was intriging.

As I said multiple times, NLC may endup competing with SQM in Li market. SQM was called Saudi Arabia of Li, NLC , then, would be Quwait. Maybe we have 2 Saudis.