CV 5 CORVETTE...???No, it's NOT a '69 ZL1. Rather.....
It's a tract of land up in the boondocks of James Bay where the world's largest mining companies like Rio Tinto et al are busy amassing large acreages hunting for Li.
CV5C is a tract where they believe they have identified a Li pegmatite trend.
Fair enough. But here's the process, imo, likely to ensue.
1) Exploration. 2) Hitting a possible jackpot. 3) Evaluation of commercial viability. 4) NI 43101. 5) Initiate permitting process. 6) Obtain mining permit. 7) Seek consent of indigenous inhabitants, mostly Cree/Inuit 8) Build mining infrastructure. 9) Build transportation infrastucture to ship to Southern Ont/Que processing and battery plants.
How long is that wait? The crunch LI demand imo is between now and the end of the decade.
Compare that to vast tailing ponds in Alberta, staring you in the face and within arms length of complex and expensive infrastructure already built over the decades.
And according to Doornbos a potential 16mt of LI M&I or 0.9mt inferred LCE.
I'd rather wait for the NR.
Cheers