Comment by slyder3on Oct 21, 2022 11:39am
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Post# 35039027
RE:O'donnell, sounds like you got caught in this p os as well
RE:O'donnell, sounds like you got caught in this p os as wellI agree with you on the management comments
, but there is no doubt they have Lithium in the ground! It's a long road to prosperity here, no water rights, no plan to produce, no pfs,no pilot plant ,no es,no permitting. The next question is ....is it a viable project, not like its neighbour Cypress with lithium at " Surface" with virtually no overburden to remove. My best guess is spmt gets bought out by someone . Maybe a big guy will take out all small guys in Clayton Valley and then produce battery grade for 100 yrs. With Cyp now proven to produce battery grade at "99.94" that is a game changer for jrs with Claystones containing Lithium. Water is a big issue if you don't use the right process. BLM is no longer dolling out water rights permits either. No doubt SPMT has the goods ...can it make it to production and make money is the question? Like all jrs. It's a gamble at 5.5 cents , don't know?
ps like the humour in posts .
good luck and. cheers Slyder3