E3 Lithium Ltd V.ETL

Preliminary Economic Assessment Report is complete nonsense

[ratpoysen]

Hard to believe these clowns have the audacity to publish such misleading garbage!
Somewhere around 90% boilerplate horseploppings combined with aromatic bullship.
 
I suppose they must be assuming 200% porosity with a 250% lithium recovery factor.
Either that, or they believe they can actually get away with these preposterous claims.

After all, Sonya and her team bought into this nonsense. In fact they're promoting it...

[GMon]

Can you be more specific about your disagreement with the Professional Engineers and Geoscientist that authored the report.  Also, what are your credentials and maybe, you should report these people to their professional associations for malpractice (as you are accusing them of).

[ratpoysen]

Why don't you read the "report" and compare their claims against historical production records. There is no way they can produce the wells at the rates they are predicting, and they know it. If they don't know it, then it's convenient incompetence, otherwise it's a lot more serious still. But I agree they should be reported to the authorities. This is way beyond APEGA

[Greatvac1]

Wouldn't they historically throttle back well output in order to only pull oil and not suck brine which they didn't want to have to reinject? 

[MadMaxPerf]

The oil is very marketable too.  There will be some oil separated out at inlet separation I'm sure.  

[ratpoysen]

If they have even 1% oil content in the brine, the oil would be worth as much as the lithium... But there is no way they can produce the proposed wells anywhere near the "projections".

[Stocks6427]

" talk of the town " has Ratpoysen being affiliated with the competition. Beware of his agenda

[ratpoysen]

I'm guessing you just don't know how to read. You certainly don't have any knowledge of the subject. The prized PEA is a bunch of nonsense. And so are you.... As I said before: It's hard to believe these clowns have the audacity to publish such misleading garbage! Somewhere around 90% boilerplate horseploppings combined with aromatic bullship.   I suppose they must be

[ratpoysen]

Whaddya know, we've got some more BS pumpers promoting this garbage. Myself and other highly experienced experts consider the "report" highly misleading. None of the previous Alberta Lithium pump and dumps have produced any lithium at all. But they made money for the BS promoters, while most of the investors lost their money. Why not just flush your money down the toidy

[Th3Hawk]

The most important factor for a companies success is timing. And I would say the timing has never been better for an upcoming lithium producer. 

[ratpoysen]

Except for the fact that lithium prices were much higher back then, and they fell as I predicted. Spot prices today are less than half of the price forecasts in the highly questionable PEA... https://www.fastmarkets.com/article/3911945/global-lithium-wrap-battery-grade-lithium-markets-have-a-quiet-start-to-2020#:~:text=The%20industrial%2Dgrade%20lithium%20carbonate,yuan%20per%20tonne%20on

[Th3Hawk]

Lithium hydroxide prices are significantly higher than carbonate.  The price has bottomed this year at a much higher level than it was before the 2017-2018 pump and the next few year we will probably see higher prices. It's clear that you have never payed attention to the price action of a commodity with fast growing demand. It will be subject to boom bust cycles. 2020 was the bottom