Enertopia Corp (ENRT)

[alfie63]

Let's look at possible outcomes. We have a pretty good idea that the results will be good and what difference will it make if 99% or 99.5% purity? Industrial grade lithium carbonate (99%) is fetching $18,000 per tonne and battery grade (99.5%), $23,000 per tonne. Projected cost of production for Enertopia should be sub $5,000, therefore margin could be $13,000 to $18,000 at current levels. How will the market take news? Probably, with the market having been a little soft, the market will take the news initially in a subdued fashion but this is where the opportunity may lie. When we have the news we'll have removed that question mark and it will be clearer whether the stock is a buy, but I don't believe it will be a sell for a long time. There's too much around the corner, such as partnerships, off-take agreements, licensing deals with neighbors and all of these will bring significant earnings to Enertopia. Exciting times and results are likely out this week or next.