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Nevada Lithium Resources Inc C.NVLH

Alternate Symbol(s):  NVLHF

Nevada Lithium Resources Inc. is a Canada-based mineral exploration and development company. The Company is focused on its core asset, the Bonnie Claire Lithium Project, located in Nye County, Nevada, where it holds a 100% interest. The Bonnie Claire Lithium Project has approximately 915 placer claims and covers over an area of approximately 18,300 acres. It has a NI 43-101 inferred mineral resource of 3,407 million tons (Mt) grading 1,013 ppm Li for 18.372 million tons (Mt) of contained lithium carbonate equivalent (LCE), at a cut-off grade of 700 ppm Li2.


CSE:NVLH - Post by User

Comment by donteatbeyond1on Aug 21, 2022 10:43pm
110 Views
Post# 34910491

RE:RE:Preliminary Economic Assessment NI 43-101 Technical Report

RE:RE:Preliminary Economic Assessment NI 43-101 Technical ReportRegardless of the results from the recent drill that are to be announced, if I were Iconic ICM-V (50% working interest partner), I would push to move forward on the tests ($9 million over 2-3 years) as NVLHF won't be able to participate due to the lack of funds (NVLHF would need to raise money just to participate and dilute you to zero). Depending on the JV agreement, they could put NVLHF in penalty and own 100% and NVLHF will have nothing. If you want to gamble, a good pair trade idea: buy ICM and sell short NVLHF. You're still going to wait 2-3 years for them to complete the tests...or go to PARQ casino, find the baccarat table and put it on player. 
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