Nevada Lithium Resources Inc NVLHF

Bonnie Claire PEA Released

[MuttleyKnows]

The PEA has just been released.  Looks good.  The economics work for this project. USD1.5 billion NPV.

Results for the Project are:
• Average annual production of 32.3 million kilograms (kg) (or 32,300 tonnes) of lithium carbonate equivalent (LCE)
• Cash operating cost of $5,974/tonne LCE
• All-in sustaining cost of $6,057/tonne LCE
• A $1.5 billion after-tax Net Present Value (NPV) at an 8% discount rate
• A 23.8% after-tax Internal Rate of Return (IRR)
• Payback period of 6.7 years
• Break-even price (0% IRR) of $6,545/tonne LCE

Here is the link:

Preliminary Economic Assessment NI 43-101 Technical Report (iconicminerals.com)

[donteatbeyond2]

Unusual for a company to re-file a technical report. I hope the cores weren't smeared or sprinkled.

[MV77777]

No Shenanigans going on with this company

[donteatbeyond2]

Where is their press release for the amended PEA -significantly lower assessment - how can you trust this after they have released misleading disclosures caught by the BC Securities Commission, forcing them to restate? I see Ravinder (Robert) Kang and Kelvin Lee are associated with this company....is this just another Vancouver mining scam?

[MuttleyKnows]

Hope you are wrong. This restatement is hard to understand how it could happen. However if you think this is a scam then this is worst run scam in the history of scams. Not only must the Nevada lithium guys be part of the scam but the stock price is in the toilet. These guys should have bought lottery tickets instead of running a scam.  You have to pump the shares before you dump. I guess

[donteatbeyond2]

MuttleyKnows...they're negotiating creating a company as we speak - read the revised and restated PEA...look at the Option Agreement on ICMs part as Nevada Lithium is going broke and will not be able to participate. If they somehow create a new company, that's where you'll see $0.01 options and the pump and dump begin again: "At present, the Bonnie Claire project is operated