~*~Mining and Metals Du Jour~*~

[nrcmedia]

can't really comment on Nemaska honestly. If they actually build out this lithium hydroxide processing plant in Canada they will be a major force in another year. My problem with a lot of these Canadian mining and processing companies is...unless you go to the site and actually 'look' at what they are doing...it's nearly impossible to tell. I used to do that years ago. I flew to Canada a dozen times to look at prospective investments...and I am glad I did because a lot of them were a lot of hot air.

For example....I had a friend of mine who married a Chilean girl make a trip to Jujuy Argentina two summers ago when he was in Chile to visit his inlaws....and take pictures of Orocobre's mining setup and talk to the mining officials in Jujuy (he speaks fluent Spanish) to find out what these guys were 'actually' doing there ...rather than rely on third hand information. He spoke to the union representatives and went to the bars and talked it up with the workers. In fact he was so in depth the CEO of Orocobre asked me "who I worked for" when he found out the guy was a friend of mine...lol. I even had satellite photos taken of the processing plant 6 months ago to get a sense for the progress they have made over the past couple of years on the plant.

So in that sense...I don't know enough about Nemaska to comment intelligently on whether to hold. In this environment with lithium over the next few years...even the scam companies like Lithium Americas will probably prosper.