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Neo Lithium Corp is engaged in the business of exploration operations. Its principal business activities are the exploration and development of resource properties. Its project includes the 3Q project. It operates its business in the countries like Canada and Argentina, however, most of the revenue is generated from Canada.

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Neo Lithium Corp > PFS

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Post by RuudinFrance on May 08, 2019 7:09am

PFS

PFS full document is posted on SEDAR.
All of 368 pages.
Got some studying to do.

Have fun.

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Comment by Not2Sirius on May 08, 2019 9:03am

My weekend hammock reading! Finally warm enough in S. Ontario for that. Will enjoy it. N2

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Comment by RuudinFrance on May 08, 2019 9:27am

Took a few hours skimming throuhg it, and it's SWEET! Start at the Benchmark report, last addendum, to get this good and warm feeling. Have fun.

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Comment by supersceptic on May 08, 2019 11:13am

I wonder if PFS resource will be updated in FS for new drilling result. That is where, I think, mistake was made. There are clearly Li in Northern, high grade, enviromentally neutral zone bellow 150M. The theory is for it and drilling demostrated it, the depth drill was a failure and also, they could use few holes around to prove that it is not one well. If Li content is in 500M with 1000 ...more

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Comment by supersceptic on May 08, 2019 11:18am

...sorry not 300M hole, but 160M hole. After thar Waldo said: We will continue our efforts to extend the resource of the high-grade zone at depth in order to hopefully increase high grade reserves at the final feasibility stage." What does he mean by "continue our efforts..." More drills or more paperwork? Both are good, but it is first one that help s/p to fly.

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Comment by RuudinFrance on May 08, 2019 1:06pm

Drilling deeper. Didn't they report last "failed" hole at 160m? We at least have to double that and maybe even triple it. The loose "sandy structure" in brine makes drilling more difficult. Maybe they can push through with coring, but than they would possibly not be able to log results. Pressure could be a problem, I'm no driller, just reaching out (anyone can help us ...more

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Comment by supersceptic on May 08, 2019 3:32pm

Yes last drilling failed at 160 (they still got sample, though). The statement about "continue efforts..." was in the same report. I would expect new drillings after financing and as you said with more capable hands (JV partner help). It is unlikely NLC will have time before FS (and there is need to preserve $). If NLC will get EIC acceptance by August, we will have fun right after. Too ...more

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Comment by RuudinFrance on May 08, 2019 3:55pm

supersceptic, there's much fun to be had already today. Just look at page 350 of the PFS. Where do we see NLC in the 2025 graph? Right! By far the cheapest brine producer worldwide (OPEX) and a very close second to the worlds cheapest producer at Thacker pass. Have fun.

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Comment by supersceptic on May 08, 2019 5:28pm

RuudinFrance: "... By far the cheapest brine producer worldwide (OPEX) and a very close second to the worlds cheapest producer at Thacker pass." That is good, especialy since Thacker pass uses not yet proven on practice Li leaching, and cost is down due to presence of sub-products, both are risky compare to beaten to death brine evaporation technique.

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