Surge Battery Metals Inc. V.NILI

Average NILI investor

[deepoil0808]

Following todays news release below of 99% purity versus LAC of 73% shareholders of NILI and do not know if they should sell their shares below.   

[MoneyK]

Purity is not recovery... MoneyK

[deepoil0808]

What is your point? I stated that we have over 99% purity versus LAC 73%. This would indicate that the pending recovery will be through the roof compared to LAC as there are little to no impurities on NILI. Awaiting results.  Good Luck, 

[snapper2112]

What he is saying is LAC achieved 99.9% purity with a 73% recovery. For some reason you are comparing Nili's current purity to LAC's recovery. "In partnership with ICD Process Technologies, a division of Aquatech, Lithium Americas has achieved over 99.9% purity of Li2CO3 from Thacker Pass lithium-bearing clays. " 

[deepoil0808]

I understand this. Within NILI impurities at less than 1%, the recovery rates should go through the roof, so our recovery rate will not be 73% but more like 90%. Like I said, USA backed the wrong horse.  Good Luck, 

[snapper2112]

Check your math. LAC's 99.9% purity leaves 0.1% impurity.

[eng41]

https://www.cruxinvestor.com/posts/american-lithium-continues-to-refine-processing-method-for-lithium-project

[MoneyK]

Where does it say that LAC will be 73% purity? Battery grade is 99.5%. MoneyK

[MoneyK]

Purity and recoveries are completely different.   Everything will depend how the lithium can be separated.  That's recovery. Whatever is separated can then achieve a good purity. MoneyK