Post by
Dibah420 on Aug 22, 2023 11:21am
CV 5 CORVETTE...???
No, it's NOT a '69 ZL1. Rather.....
It's a tract of land up in the boondocks of James Bay where the world's largest mining companies like Rio Tinto et al are busy amassing large acreages hunting for Li.
CV5C is a tract where they believe they have identified a Li pegmatite trend.
Fair enough. But here's the process, imo, likely to ensue.
1) Exploration. 2) Hitting a possible jackpot. 3) Evaluation of commercial viability. 4) NI 43101. 5) Initiate permitting process. 6) Obtain mining permit. 7) Seek consent of indigenous inhabitants, mostly Cree/Inuit 8) Build mining infrastructure. 9) Build transportation infrastucture to ship to Southern Ont/Que processing and battery plants.
How long is that wait? The crunch LI demand imo is between now and the end of the decade.
Compare that to vast tailing ponds in Alberta, staring you in the face and within arms length of complex and expensive infrastructure already built over the decades.
And according to Doornbos a potential 16mt of LI M&I or 0.9mt inferred LCE.
I'd rather wait for the NR.
Cheers
Comment by
UNKLAL on Aug 22, 2023 12:31pm
Hey buddy they aren't tailing ponds, they are shut in oil wells that ETL will clean up with their DLE process n pump clean water back into the ground!!! That is why IO is approximately a 6% shareholder. PAY ATTENTION there will be a test later n you don't want to fail do U??? UNKLAL
Comment by
Shackle12 on Aug 22, 2023 12:44pm
plenty of holders under a bit of stress waiting for what could be a life changing NR. Nice to see a little humour Unkle we need a chuckle. GL
Comment by
UNKLAL on Aug 23, 2023 4:23pm
I to am a pipelines/oil/banks n utilities guy, bought E3 at 38 cents n didn't sell when sp hit $5.73. I've said it several times that I want $25.00+ for my shares!!! Then I'll buy a boatload of divy stocks!!! UNKLAL