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tommer

01/24/11 10:37 AM

#32301 RE: smitty01 #32300

It is my understanding that the at least one if not 2 of the land deals are secured...as far as the financing, great white was to be the lead on this and has probably already rounded some up.
I am guessing they have also been selling stock to raise some cash. Why do you think production is years off? Have you even researched how easy it is to harvest lithium?
The company they are working with is extracting brine and potash already, and it is matter of extracting lithium after the water has been dehydrated. This isnt like digging up gold my friend and is much easier. Production could happen this year easily.
Why all the hocus pocus?
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cashclan

01/24/11 11:10 AM

#32314 RE: smitty01 #32300

My mistake




on the REE...have two other mining stocks. I meant Potash which seem to be in abundance on these properties ...again Potash is still mentioned as a critical National and Free World Security Risk...because of Chinese export restrictions. Fertilizer price are set to double this year due to shortages of Potash. The added cost of food production will be past on to the consumer sending food price soaring world wide. Yes, I have read report that Government finance has been appropriated and could be available. The type of equipment needed to recover both Potash and Lithium isn't staggering and could be on line in months not years...If there is land... penny land isn't going to be a problem nor is financing either privately or through the Government. Question though, just who do you think is propping up and supporting the development of these 2nd and 3rd world countries. Prices above .10 is a matter of conjecture at this point so is weather we get a PR.