DD for the new investors... I'm tired of the "no information from the company" quibble so here it is.
1. This new CEO, COO, BOD has been very quiet even since the start of the company take over. They put out information when it is relevant. This is good, at least you know when info comes out it is pertinent to us investors. Not just fluff crap that you get from other pennies.
2. They post lithium news on their twitter for 2 reasons, one, to keep you aware that this company isnt going dark, two, provide important info on the minerals they are targeting. Obviously, they are not going to send random post about the next step of the company or what they are doing to day in day out. That would show their hand and probably be illegal to some sense. Image Tesla doing that, no, they send out something once a phase has been completed via the proper networks first
3. They are not going to send out anything until this phase is done, i.e. the NI report. Then and ONLY then will they send out information on the next phase, (drilling, scraping the project, etc) SO if you buy now it is a gamble, with high risk high reward but theres more...
4. If you do alittle math and google conversions using the report they have already provide: The one well they are going to re-explore back in the 70's had 340ppm LI, assuming no one cared to extract anything since then, which seems unlikely, the PPM should remain the same. With that assumption, that means for every 586,919 gals of brine (short of an Olympic swimming pool) there's 1 Tonne of LI = $70,000 current price. Assuming the Tweets they send out with the trend of use for LI in the future, this price will only increase.
5. The unknown is how many gals per day can they pump out, filter, etc. Speculating they could pump out one Olympic Pool per day that amounts to $25.6M Net per yr. And that's for one well. Of course other wells could have other outputs and this is only speculation with assumptions, but its a start to see the value of this company.
6. Yes the CEO and COO get paid, so what, and if they are getting paid in stocks, wouldn't that motivate them to also get the price to increase of the PPS?
7. Yes there was dilution, and probably will be to fund the setup/startup. Takes money to make money. Right now that's all they got, but they have been pretty thrifty IMO.
In conclusion, This is not a question of is LI present, this is more a question how will the company proceed once they know the depths and amounts of LI of the wells. IMO this really only has one way to move and that's up. IMO this is the bottom PPS (aside from pp driving down the PPS, MM, etc). Once the NI report comes out, expect news to increase from the company and PPS to move. Until then, Buy low and wait, or sell for beer money and play caught up. Or get all your Game Stop friends in this now and send it to the moon ;p
Last thoughts, This is only for LI, add in the other valuable minerals they can extract/sell, Net price can only increase. Other thoughts, even with inflation/current economy do you think pp are going to stop buying cell phones? Cars? I doubt it.
