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Li3 Energy Signs MOU With One of the World's Largest Steel Manufacturers for Access to Lithium

http://finance.yahoo.com/news/Li3-Energy-Signs-MOU-With-One-prnews-2855226321.html?x=0&.v=1

If you want a investment in the future of Automobile and Lithium this one is getting attention and based on my research should be trading in the 3-5 dollar level now.

Long term this could be in the realm of SQM a mining company in the same geographic region of the world that is conducive to large land based minerals.

Sociedad Quimica y Minera S.A. (NYSE: SQM ) is 56.98 a share right now on the New York. It started out in its early formation like LIEG.
Li3 Energy, Inc. (LIEG.OB)

One question you must ask yourself why is a 59billion congolmerate from South Korea, (and Korea makes 1/3 of the Lithiom-Ion Batteries), cheap labor you can certainly understand. Why then is a Multi National Corporation of 59billion in size even talking to little old LIEG. Why, they have land concesions closing very soon that allow a larger company like POSCO, (NYSE:PKX - News), a Republic of South Korea multinational global leader to get in the game of Lithium Raw materials from a Local connected company. Perfect combination.

POSCO is a diversified company, with operations in energy, chemicals and materials.

And an option to invest $25million by End of June at .27 cents a share approx.

So if a multi-national comes knocking on your door, what do think is going to happen next.

This company is getting a Grand-Dady of a Investor assisting in its growth.

Also not to mention LIEG has raised considerable capital recently Hard Cash that is buying up property that contains lithium.

Lithium is like Petroleum 100 years ago.

I bought about 40k shares and will be buying more. Closed Friday at .41 USD Cents.
Symbol: LIEG.