Saturday, January 02, 2016 11:25:07 AM
Neighbour REM rose 2300% in Aug 2013
When the market woke up to the value of Sonora:
REM & BCN now have a combined market cap of $0.25 Billion.
Work has commenced to confirm the extension of Sonora lithium-bearing horizons in three distinct zones which have been defined by Alix geologists:
Global lithium developer, Lithium Australia NL (ASX: LIT or Company) advises that it has appointed Nevada based lithium specialist Kappes Cassiday & Associates (KCA) to commence scoping work on lithium clay deposits including the Electra Project"
LIT have chosen to enter an MOU with Alix as one of only two worldwide licensing agreements available under the copyright terms of their sub $1000 p/t production cost, market-disruptive processing technology. JV partner Lithium Australia announced on Dec 24, announced: "the conversion of lithium carbonate to high grade lithium hydroxide" at the first attempt.
Lithium hydroxide price is forecast to reach $20k p/t by end of month according to:
http://www.asianmetal.com/news/data/1271035/China lithium hydroxide prices increase on tight supply
Alix market cap is currently $1m. There is a risk with any micro-cap stock, as always, but the potential to replicate the gains made by REM in 2013 provides a compelling narrative to what could become one of 2016's star performers.
When the market woke up to the value of Sonora:
REM & BCN now have a combined market cap of $0.25 Billion.
Work has commenced to confirm the extension of Sonora lithium-bearing horizons in three distinct zones which have been defined by Alix geologists:
Global lithium developer, Lithium Australia NL (ASX: LIT or Company) advises that it has appointed Nevada based lithium specialist Kappes Cassiday & Associates (KCA) to commence scoping work on lithium clay deposits including the Electra Project"
LIT have chosen to enter an MOU with Alix as one of only two worldwide licensing agreements available under the copyright terms of their sub $1000 p/t production cost, market-disruptive processing technology. JV partner Lithium Australia announced on Dec 24, announced: "the conversion of lithium carbonate to high grade lithium hydroxide" at the first attempt.
Lithium hydroxide price is forecast to reach $20k p/t by end of month according to:
http://www.asianmetal.com/news/data/1271035/China lithium hydroxide prices increase on tight supply
Alix market cap is currently $1m. There is a risk with any micro-cap stock, as always, but the potential to replicate the gains made by REM in 2013 provides a compelling narrative to what could become one of 2016's star performers.
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