Lithium Americas Corp (LAAC)

[overlordpeter]

Western Lithium is way ahead of the other companies trying to extract Lithium from clay. Looking at Bacanora Minerals that is the company that Tesla would be willing to fleece for cheep Lithium if they ever come to market.
AD$13.7 million has been invested to date both on exploration and on the development of a pilot plant near Hermosillo, which has produced high quality lithium carbonate during ongoing testwork conducted over 24 months. This is a key differentiator and positions the Company favourably in comparison to its peers ahead of off-take discussions. The Company also owns the Magdalena Borate Project, also in Mexico, which has the potential to provide near term cash flow to the Company as it advances its lithium asset.

SO there is not even a Pilot plant Western Lithium Germany is running final testing and Western Lithium is working on Nevada Permitting for Water Gas connection and Environmental.By 2019 we will be building and this company will be posting test results. we are at least 2 to 4 years ahead of this company.

And look at there NI 43-101
NI 43-101 Indicated Resource. A PFS has been completed, highlights the attractive economics of producing up to 35,000 tonnes per annum of battery grade Li2CO3 at Sonora and estimates a pre-tax Internal Rate of Return ('IRR') of 29% (post tax 25%) and an associated Net Present Value ('NPV') of US$776M, (8% discount rate).

we are trading at 98 million with out producing anything but drilling mud. add 40,000 ton and your looking at a billion dollar company by 2020
that is a 10 x 98 million current value. Times that by the share price and your low end stock price in 2020 could be from 3.50 a share to 7 even 12 if you went of a 1.20 a share price target.