Over $116B needed to meet automaker & policy targets by 2030 "Even if every asset in the pipeline came online on time and hit their projected lithium production capacities, the world would still need 1.8 million tonnes on top of that to meet the high case demand"
Despite demanding over $116 billion to meet automaker and policy targets by 2030, allocated toward building new mines and refineries alongside expanding existing assets, the lithium industry is still headed toward a supply deficit. (Source: https://source.benchmarkminerals.com/article/lithium-industry-needs-over-116-billion-to-meet-automaker-and-policy-targets-by-2030)
Sustaining a 100% BUY rating on BarChart alongside a significant upward trend of over 100% in the past 6 months, Surge Battery Metals (NILI.v NILIF) stands out as a high-potential opportunity in the industry.
Encompassing ~5,180 total hectares, NILI's Nevada North Project boasts significant lithium content ranging from 29.1 ppm to 5,120 ppm, including 274 samples of 508 carrying 1,000 ppm Li or greater.
The lithium content at Nevada North is comparable to and has the potential to exceed to LAC's Thacker Pass, the largest North American lithium project with 3.6Mt @ 3,160ppm P&P.
Recently, NILI has attracted major coverage releases having emerged as a stand-out opportunity due to its lithium grade being 2-3 times higher than its peers.
The latest, from Fundamental Research Corp, "Delineating a High-Grade Lithium Resource in an Area Ripe for Consolidation – Initiating Coverage", reiterates NILI's BUY rating with a "Fair Value" price of $1.19. (Source: https://twitter.com/AllStreetsWolf/status/1687479703123193857?s=20)
Importantly, this is not a price target but what the corporation believes NILI should be worth at this time, without including the potentially world-class catalysts that are upcoming.
"If Surge is able to delineate a 4+ Mt resource, we believe American Lithium or another lithium player in the region could find it an attractive acquisition target"
Previously, a Sprott Analyst emphasized 20x to 80x potential for NILI following a site visit to NILI's Nevada North Lithium Project saying:
"The stock is trading at US$10/t LCE in-situ pre-resource vs reserve peers at US$200-800/t (LAC, Ioneer, American Li), a gap that we think closes fast on very few drill holes"
Posted on behalf of Surge Battery Metals Inc.