Post by
LithiumFuture on Feb 22, 2021 8:08am
We are being held down....
I understand the frustration And yes, there's room for some games here but that will stop shortly after the PP closes March 3 or earlier (it can be moved up).
First, the the Bought Deal closes and the SP takes a leg up. Then with $$$ in the bank, the pilot plant happens very soon after. Once the pilot plant proves that we can get battery grade lithium out of CLAY on a commercial scale, look out and fasten your seatbelts.
With Dr. Bill at the helm, I believe it’s all planned and he’s just waiting to pull that trigger. All is good IMHO. Patience
Comment by
yakattack on Feb 22, 2021 9:47am
Who is to say that proving clay production via pilot is going to move the needle? We have had a wack of news that should have moved the needle much higher already, but we sit multiples lower of projects at PEA stages with resource sizes 1/5 - 1/10th the size. 7 CAD for peer avg give or take, and it should be now.
Comment by
yakattack on Feb 23, 2021 9:15am
"Already the worlds biggest lithium supplier, the Charlotte, North Carolina-based company will allocate about 90%, or $1.35 billion, of a bigger-than-planned capital raise to expand operations in Chile and Australia and processing plants in China, Chief Executive Officer Kent Masters said." Well... Unless they do another raise soon...
Comment by
yakattack on Feb 23, 2021 10:07am
Tesla has some 19 billion in cash and they plunk down 1.5 on Bitcoin instead of securing local supply. Cool.