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Lithium Chile Inc V.LITH

Alternate Symbol(s):  LTMCF

Lithium Chile Inc. (Lithium Chile) is a Canada-based exploration company. The Company is engaged principally in the acquisition, advancement and development of mineral properties in Chile and Argentina. The Company has a property portfolio consisting of 11 properties encompassing 106,136 hectares in Chile together with 29,245 hectares on the Salar de Arizaro in Argentina. The Company also owns four properties in Chile totaling 22,433 hectares that are prospective for gold, silver and copper. Its projects include Salar De Arizaro, Salar De Coipasa, Salar De Llamara, Salar De Turi, and others.


TSXV:LITH - Post by User

Comment by tiger2201on Nov 16, 2021 12:47pm
263 Views
Post# 34132476

RE:Lithium Chile news

RE:Lithium Chile newsGlad to see LITH is making good progress.  If they can prove its brine grade, and pumping rate, then these results will easily double LITH's SP. 

LITH is still an early development company, they may have resource based on a single well, but they don't have PEA & DFS, so they will not fetch ML's value, say maybe 50% ML's value.

tiger




lupitapat3 wrote:

Lithium Chile Completes Production Well Drilling on Its Arizaro Property in Argentina

Production testing with a downhole pump will start in early December. No LCE brine concentration news in this release but previous sampling gave top of Clastics brine LCE concentrations in excess of 800 mg/L. Assuming thet they meet or exceed that level and if brine pumping produces commercial quantities to surface, a JV or takeout is likely as a number of Chinese lithium producers and battery manufacturers have been in contact with them. Production testing of the 120 meters should take a month. Arizaro alone may make them worth $4, using the MIL takeout offer as a benchmark. Will shareholders get a Valentine's day gift?


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