Lithium X (fka LIXXF)

[proteinspike]

Okay. Nick posted a link to an interview with Brian Paes-Braga over on RSD. http://resourcestockdigest.com/archives/interview_hold/index.php?content_id=3902

Lithium X is focusing on Sal de los Angeles in Argentina not Clayton Valley. As soon as they get permits from the Salta government they plan construction on the ponding facility. Maybe by Q2 next year they have the feasibility study finished. They're expecting to produce 2,500 tonnes per year of lithium carbonate equivalence before they expand the facility 15K tons. Brian says everything is fully funded. I know this isn't in Nevada but this becomes a lot more interesting if they can connect to cash flow regardless of where it is.

Apparently they grabbed a bunch of claims in Clayton Valley because they think that with future advancements in technology it may be profitable to extract lithium from a lower grade operation.

One note here: Brian Paes-Braga hired the CEO of Rockwood, Eduardo Morales to to be COO of Lithium X. He knows Clayton Valley better than anybody and he's decide to run the operation in Argentina because that's where the money is.