LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

2600 Lithium mining claims/stakes in Nevada are at a virtual_dead_stop.
The process to gain governmental approvals on any Nevada mining exploration project (esp lithium brine production) is a complete nightmare when trying to circumnavigate through at least a half dozen different basically deaf/dumb/blind government agencies who... and let's face it... could care less about seeing any struggling mining entrepreneur (esp a wildcatter) make any money during these tough times in America which probably now include nuclear annihilation within a year.

One of the biggest deal killers in Nevada is that lithium miners need huge water rights allocations in order to turn a brine project into a full-fledged working mine operation. Whenever a miner draws more than 5 acre-feet of water on his claim/stake he has to get a pound of flesh approval from the Nevada Minerals Division which is nearly impossible in this lifetime (as per Jesus... ie the Easter/Christmas Jesus).

Nevada lawmakers are feverishly trying to short-circuit all the existing "other" government bodies who have a stranglehold (and a greasy hand out) on approving lithium miners in order to feed the new monster in their backyard (Tesla Giga Factory) by introducing State Assembly Bill 52 which is deviously crafted to supersede all other governmental regulatory deal-killer agencies. Click Here for bill 52 info.

On the surface this effort by the Nevada Assembly seems altruistically admirable plus something that will indeed greatly encourage free enterprise and job growth in the state. But as Johnny Carson once said, "No good deed goes unpunished"... this good deed is taking a punishing hit from the only lithium miner in Nevada currently approved (by coincidence) to operate a brine operation.
And who is that approved miner you ask?
Yup, you guessed it... that approved Lithium miner is Albemarle ($11,420,000,000 market cap).
Click Here for the news article.

Gorilla-in-the-Room Albemarle is also approved to operate in Chile. Ergo, we probably should be inviting Albemarle (in hindsight) to our next RuPaul costume party in Vancouver and let them also share in tossing some of the best, most prime, delicious salads on earth. We need to be on the best side of Albemarle I think... because you can bet your kids' college fund on Tesla eventually having to look harder at Chile & Argentina to satiate their growing inevitable ravenous lithium demand. It is going to be a long time before Nevada Assembly Bill 52 ever sees the light of day.

The Doctor