Wednesday, June 29, 2016 10:04:15 AM
The Lac Fire Property contains the same favorable geology and similar values in lithium and tantalum as the neighboring Rose Property owned by Critical Elements Corp. Grades on the Lac Fire property of 1.06% Li2O on surface and 1.19 to 1.22% Li2O (97.2 to 134.8 ppm Ta2O5) in drill holes are comparable to average grades on the Rose deposit of 0.98% Li2O and 163 ppm Ta2O5. The Rose lithium deposit has a Net Present Value of $488 million (before taxes) (Critical Elements Corp, Preliminary Economic Assessment). The Lac Fire property falls on the same trend as the Rose lithium deposit as well as several other promising lithium occurrences.
$488,000,000.00?????????????
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