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13.5¢ loyal lithium limited

Ann: Exploration Target Defined at Scotty Lithium Project, Nevada, page-15

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Suni

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01/10/23

15:55

Post #: 70119983
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Originally posted by Breakaway: ↑

It gives people more time to analyse the announcement before trading starts.
This well-located (only 300 km from Tesla’s Nevada Gigafactory) exploration target has a significant potential. The tenth largest lithium deposit in the world, Salar De Olaroz, has approx 650 MT @ 2000ppm.
In this announcement we are looking at potentially up to 850 MT @ approx 1150ppm. Huge!

There seems to be sell-offs every time they announce something about their Nevada project. People only want them to spend on the James Bay project. I think this is irrational when we are looking at this kind of potential in Nevada.

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Nice work.

Originally posted by Broken chair: ↑

I wanted to put some of these Scotty numbers together to see what the size and potential value of the deposit might look like. My calculations show a possible resource of between 2.8 million tonnes and 5.2 million tonnes of lithium carbonate as per the table below. At a lithium carbonate price of US$20,000 per tonne, the in-ground value at Scotty is between $56 billion and $104 billion. Looking at a production cost of $5,000 per tonne for sedimentary clay deposits (from Lithium Americas DFS) the attraction of this project looks compelling to me.

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Nice work.

LLI Price at posting: 65.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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