Lithium Chile Inc V.LITH

Lithium Chile news

[lupitapat3]

Lithium Chile Completes Production Well Drilling on Its Arizaro Property in Argentina

Production testing with a downhole pump will start in early December. No LCE brine concentration news in this release but previous sampling gave top of Clastics brine LCE concentrations in excess of 800 mg/L. Assuming thet they meet or exceed that level and if brine pumping produces commercial quantities to surface, a JV or takeout is likely as a number of Chinese lithium producers and battery manufacturers have been in contact with them. Production testing of the 120 meters should take a month. Arizaro alone may make them worth $4, using the MIL takeout offer as a benchmark. Will shareholders get a Valentine's day gift?

[tiger2201]

Glad to see LITH is making good progress.  If they can prove its brine grade, and pumping rate, then these results will easily double LITH's SP.  LITH is still an early development company, they may have resource based on a single well, but they don't have PEA & DFS, so they will not fetch ML's value, say maybe 50% ML's value. tiger