Replies to post #27560 on ~*~Mining and Metals Du Jour~*~

[nrcmedia]

stinky...there are so many new claims being filed in Nevada right now....that you can't keep track. Remember getting a new lithium processing plant up to speed is about a 3 year project and costs in the neighborhood of $300,000,000 to build. Trust me when I say this...the only company that will produce any lithium out of the Silver Peak area in the next 3 years will be FMC...period. Even if they sign a supply agreement with Tesla as Pure Energy did...

Elon Musk went so far as to invest about $20,000,000 into Western Lithium through Orion Mining Investments in 2012 and as it turned out...they went out of business basically and were taken over by Lithium Americas...which signed a desperation agreement with SQM in Argentina to try to recover some of his money.

These companies will release publicity releases for the next two years and never produce a pound of lithium:

TSXV:NEV....DJIFF....HMGLF....LACDF....etc..