Moving forward like a machine..Milestones continue to be checked off in E3's corporate deck (slides 15&16)
https://www.e3lithium.ca/_resources/presentations/corporate-presentation.pdf?v=0.595
I happen to believe E3 has derisked this massive resource and project that should reflect a $10 sp currently. However, it appears that lithium in general is currently out of favour with an oversupply in the very short term and many players have felt the brunt. All short term stuff IMO that will reverse when markets start focussing on the long term supply/demand outlook once again. Frustrating in the short term but I'm prepared to be patient because I believe E3 is methodically taking all the correct steps in moving their massive project forward. Next catalyst IMO will be E3 formally increasing their capacity for the first commercial plant to 30K TPY of LHM from the 20K in the initial PEA that's now >2yrs old. The wild card catalyst which could emerge any time is an off-take client or other major commiting major funds toward the commercial plant. Or perhaps even a complete buy-out. We're getting very close to that time when either of these could happen IMHO. DYODD