Well Said WandererMaybe hard to sawllow for some, but true.
Maybe I’m being overly optimisticly cautious, I do like what I’m learning, BUT Mr. Doornbos stated, Over the next year, E3 will test its DLE process and figure out whether it can extract lithium from old, depleted oil and gas reservoirs at a commercially viable rate??
There have been small tests done by E3 and others, but from what I know, this pilot is the first Canadian full-scale pilot that has ever operated.”
Mr. Doornbos means the pilot’s scale is big enough for E3 to rely on the resulting data to design a much bigger commercial facility. There’s still a long way to go, but the company hopes to start producing lithium by the end of 2026.(another 3 full yrs)
This one is a hard call. The SP has already traded at 5 bucks 2 years ago , but the meat wasn’t there to sustain it. Is it there now? Or just another bubble. Maybe wait until they come up with something definite. As of right now just listening to Mr. Doornbos, he is telling a good story and their work is looking good, BUT there is a lot of speculation still ongoing with this one.
Which is OK if you are a speculator. For me as an investor, maybe wait until it’s actually proven as a commercially viable company. It all sounds Easy ,Peasy but it’s not going to be that easy. I will pay more for the stock later on if it’s a go, but it will be a sound investment.
Mr. Doornbos expects four or five projects using the DLE method to produce lithium by the end of 2026, and he hopes E3 can be one of them. Lol that my friends is speculation.