Heading toward 79 cents (for cup formation) then BREAKOUTPer Sprott, lithium are going to DOUBLE in 2025 to $ 20,000 USD per LCE ton.
NILI is PROFITABLE at current prices of $ 10,700 USD per LCE ton.
We have MAJOR BULLISH CATALYSTS, all going to be very positive from September to December 2024
- MRE report showing MONSTER increase in lithium in the ground
- PEA show ROBUST economics for the project
- Approval of Plan of Operations
- Negotiation and agreement with Evolution for $ 30 million
- Harris winning Presidency and keeping new green deal
- Lithium prices beginning to ramp up as prices recover
What I see is that we are in a cup formation and starting to make our way to the right side of the cup. This means we go to 79 cents per share.
Then we might trade sideways for a little bit UNTIL we breakout and go towards NEW HIGHS.
The breakout should occur on the annoucement of the joint partership project with Evolution, a deal for $ 30 million for 2025.
If we trade at $ 100 per lithium ton in the ground, we will be trading between $ 3 and $ 4 per share.
Good Luck,