Hey guys - looking forward to the next few months!
I wanted to see how other Li Coys have faired following success so I checked out Pure Energy TSXV: PE in neighbouring Clayton Valley. They've got a pretty comprehensive website and have secured a contract with Tesla so I thought Id outline their rough timeline and corresponding SP.
I hope that given the number of claims we have, and given the positive early indications, we should be able to surpass them in a few years if we're able to lock down partnerships etc. Ack its not exact, but as a LT holder I wanted to get an idea of what's ahead for us.
Pure Energy
LCE Resource: 816k metric tonnes
Avg Li grade: 100 mg/L
PE Timeline relating to project development and (rough) SP:
early 14 - first drilling permits and exploration program announced (SP .04c)
mid 14 - drilling program commences (SP .1c)
late 14 - drill program confirms lithium find / successful credit raising (approx. 3.5mil) (SP .29c)
early 15 – testing of extraction technology / next phase of exploration work / wells drilled (SP .3c)
mid 15 – expansion in claims / wells drilled / tesla agreement signed (SP .2c)
late 15 – 2nd phase of drill campaign / pilot plant studies / wells drilled (SP .7-.5c)
early 16 – initial drill programme ceases / economic studies (SP $1)
mid 16 – plant results released and private placements (oversubscribed) (SP .8c)
late 16 - pumping tests completed / results released (SP .7c)
early 17 – on-going drill programs completed (SP .6c)
mid 17 – pumping tests completed / company expansion / commercial agreements reached (SP .6)
Have a cracking weekend!!
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