Post by
desertbarnacle on Jan 07, 2021 4:13pm
What a day
Well,
That was one for the scape book, what a day. Our fortune 500 neighbor announces they are expanding lithium production of their Silver Peak lithium mine. And, by the way, ALB now recognizes the potential economic value of claystone lithium resources in the basin. Well, thats pretty cool on both counts and I standby my earlier statement that ALB does not currently own a signifiicant, mineable, claystone resource in the Clayton. This befief is based on the results of USGS drilling in the basin in the 1970s or maybe early 80's, all public data. I will post a map of this sitiuation once I can figure out how to do it. You can find it yourself on the CYP website, within the 2018, 43-101 tech report on geology and mineralization of the Dean claim group. Figure 7.2. Go to "Investor Reports " and scroll down until you see Dean Lithium Project 43-101 Report. Then click on the link.
There remains every reason for CYP and ALB to come to an agreement. Not that others are not also interested (no doubt). What a day.
Bob
Comment by
yakattack on Jan 07, 2021 4:25pm
https://www.nasdaq.com/articles/exclusive-chile-threatens-legal-action-to-get-albermarle-to-disclose-lithium-reserves-2021 Add that to the list.
Comment by
desertbarnacle on Jan 07, 2021 10:25pm
Thanks for that YAK, lets add it to list. ALB is never forth coming about much of anything, maybe until today, that is their right. Also we need to add that ALB now has the department of Energy on their side in new lithium extraction method research and that Elon Musk is now the richest man in the world, If we have missed anything else please let us know. Bob
Comment by
yakattack on Jan 08, 2021 2:34pm
Avanzalg has great information on his twitter that CYP retweeted: https://twitter.com/cypress_cyp View the analysis based off of the CouloirLTD report - and how the numbers changed due to the difference for LCE pricing. This is a $6+ dollar stock based off of the current situation - which is only using about 1/4 to 1/3 of the resource.