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Nevada Sunrise Metals Corp V.NEV

Alternate Symbol(s):  NVSGF

Nevada Sunrise Metals Corporation (Nevada Sunrise) is a junior mineral exploration company. The Company holds interests in lithium and copper exploration projects located in the State of Nevada, United States of America. Nevada Sunrise owns 100% interests in the Gemini, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda County, Nevada and the Pelican lithium project in Saskatchewan, Canada. The Gemini Lithium Project (Gemini) consists of 353 unpatented lode and placer claims totaling 7,060 acres and located in the Lida Valley approximately 10 kilometers east of the town of Lida, Nevada. The Company's Jackson Wash Lithium Project consists of over 49 unpatented placer claims totaling approximately 397 hectares and is located in the Lida Valley on the east side of the Montezuma Range. It has the right to earn a 100% interest in the Coronado Copper Project, located approximately 48 kilometers southeast of Winnemucca, Nevada.


TSXV:NEV - Post by User

Comment by IgnacioCashmereon Jan 26, 2024 9:51pm
96 Views
Post# 35848215

RE:A LOT OF LITHIUM BUT AT DEPTH

RE:A LOT OF LITHIUM BUT AT DEPTHThe cost of removing over burden will have to fit in to the metric of economic viability. It's been done plenty of times before. I owned Hudson Bay when their Rosemont project was killed by a bureaucrat at the finish line of approval. They were going to remove a kajillion tons of overburden to get to the copper & stack it 10 meters high covering hundreds of acres. Anyway, if the pricing works out, it's just a cost of doing business. In remote Nevada, doubtful anyone would protest stacks of overburden close by. The thing you hit on, at 0.1% Lithium, that's a very fine line of profitability to operate on when you add an extra $5-7 ton to remove the over burden. In situ mining is fraught with technical risk in good situations. Getting lithium out of clay, don't know if that's possible with a solution. First up, they have to prove up this resource. Inferred resources are worth  a whopping zero in share price. It has to be measured & Indicated. Drilling is how they will get there. 1,000 ppm Lithium is respectable & doable, so I believe they will get there. It's a question of how much volume they can put in M+I. Lithium & Lithium carbonate prices should keep falling, there's just too much of it now. Where is the real bottom of Li determines which projects are viable & which are fantasy. I am hopeful enough to step in now with this MRE. This is a better speculation than many Cu & Ni mines in exploration stage. They will have to dilute quite a bit to get to a PEA, but if there really are 1 million tons of Li than we will all make out like bandits.
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