HWK Chart, page-548

I humbly suggest anyone who is confused about anything slowly read everything on the company website and definitely read the most recent announcements i.e. last 6 months worth at a minimum.

Then don't miss the coming Web presentation either live (or no doubt it will be available later for those working etc).

We are producing battery grade lithium this month as proof of concept not going into full scale production yet.

There is a pathway to do this sort of stuff and labs tests and proofs of course come before full scale production. What is happening is a small scale i.e. non commercial quantity lab test on our process. Still very very important but not commercial production. Not yet.

We are lucky to have several peers doing the same thing in the same space (Li Clays) in the US, there is masses of research, learning and improvements currently happening in the lithium clay extraction and production space.

Musk is throwing big money at it as are a couple of other US companies that are more advanced than us. This is very good as to some extent we will be able to learn from some of their lessons. In some cases some data will be proprietary knowledge but some is always shared or becomes common knowledge through publications and the moving around of personelle.

The US government is also prepared to help out majorly in the renuables space in the States so I expect some fiscal help along the path for us and most other US lithium players. This is not a given by highly likely if one considers the rhetoric coming from the Biden administration.

For those who have poor research I don't want to disappoint anyone but we will not be selling lithium product for well over a year from now. It may be over two years. This is ok we will be coming into production in all likelihood as lithium becomes very scarce and prices are projected to rise sharply.

I think getting lithium clays to production will be quicker (as the refining seems simpler) than either hard rock or brine but that is to be seen.

Having said that doesn't mean the share price won't or shouldn't keep going up considerably. There are multiple drivers while still an explorer, indeed most of a companies rapid growth is usually in the explorer days.

We have to further prove and grow our resource, we have to go through the various studies, we will get interest from big auto makers there will be announcements about JVs and off take partners and there is all the hype and news going with the entire industry.
Renuables won't be out of the news this year or for the foreseeable future its probably the biggest new growth area for most of the major economies around the world atm.

All this is championed by Musk but he is far from the only source of news we will be seeing regarding lithium and renuables in this coming year.

To clear another misconception around the Devils Canyon gold.

The rock chips we have collected have really high grades. From my reading on the topic I think it likely that while high grades in chips is a really good thing what most of the Nevada gold ends up being is large scale porphyry lower grade gold/copper deposits. Suitable to open cut mining.

These often, indeed usually have higher grade gold vein mineralization running through the greater halo of low grade stuff.

Sometimes once the pit is dug out (open cut mining) higher grade veins are chased down (underground mined).

I posted on this the other day, all the worlds biggest players are in Nevada doing exactly this massive open cut low grade deposits producing extremely profitable large amounts of gold and copper.

There is nothing wrong with low grade deposits so long as they are big and profitable and this is why Nevada is producing three quarters of the US gold and has done for years.

Nevada is one of the worlds biggest gold producers as I have mentioned, if it were a country it would be top ten.

We HWK and a couple that have come just after us have come out with high grade chip samples and in our case (I can't speak about other deposits) this is a very good sign. But its likely a sign we have what just about everyone else has which is something that will prove to be an open cut resource with higher grade veining but an overall lower grade porphyry style mineralization. Which is, as said, still massively profitable.

If we have just that, that which just about all other Nevada gold producers have I will be extremely happy. We will have Majors beating down our door to buy it before we blast our first hole.

There is major upside potential on Devils Canyon as we are surrounded by the worlds big gold players, we have very good signs of gold at surface and as I understand it our lease has never been mined. This is a perfect combination for a very decent fresh discovery and we got in before the latest wave of exploring and acquisition so we were nice and early with our land grab there.

Anyway most people will already know most of this so sorry to bore anyone and this is just my interpretation so not saying any of this is firm fact.

Point being DYOR and read all the available stuff from the company. A few searches on Lithium Clays in the US etc and Nevada Gold fills in some blanks too.

Have a good weekend all, this company has some really good resources and got them before US Lithium Clays and Nevada gold went nuts so at good prices before these two sectors really came into vogue.

I believe we are really well set up for success with solid share price drivers through this year and next.

Cheers Tretch.