Here are the facts below if you want to know about the North...

Here are the facts below if you want to know about the North American lithium projects.

Have a look at the map below an see where are they all located. That's a frozen country.

And IR1 is at the hearth of the US.

Then you can understand why IR1 wouldn't be any less than $1b mcap (implies to $8 share price) after making a bit more drilling and announce more high grade pegmatites at surface. That'd be enough for me.

That should be expected in a market where PMT's mcap went to $2b even though that resource does not seem to me very good as it's very deep, at very cold location with not much infrastructure.

COST IS KING..!

These projects at Quebec are very high cost projects.

Both in CAPEX and OPEX terms..!

When the things get hard in the market in term of competition, those projects can't compete.

They are only economically viable if the spod price stands above $3000..!
Who is guarantee it for you?

So I don't think that any smart investor company would put money on most of those projects.

That's why PMT wants to sell its project even though they didn't say it publicly I think it's true. What is WR1 going to do with its project? Can you think about it?

NOW SEE WHERE IR1'S BLACK HILLS PROJECTS IS...

At the hearth of the US, isn't it.



ALL QUEBEC-ONTARIO (CANADA) PROJECTS ARE VERY HIGH COSTS PROJECT
BECAUSE IT'S A FROZEN COUNTRY NEARLY HALF OF THE YEAR.

AKE's hard rock project James Bay is in Quebec. They even couldn't start it for a long time. It's also very high cost project.

If you are investing in a projects at the middle of frozen country (Quebec Canada) which everything is frozen 5-6 months of the year, then you need think about how to get the humans and machines would work there. (There are many projects out there now, including AKE's James Bay hard rock project).

You need to build building on top of the whole process plant and build big domes on top of open pit grounds to protect the operations going on there. Otherwise everything gets frozen.

If anyone wants to know about the problems of exploration and development progress in the Quebec/Canada and the Northern Ontario regions they can read the news below.

" Forrest and BHP go to war over a company no one has ever heard of"

FMG and BHP are at bidding war for Noront Resources with high-quality nickel, chromite and copper. The area is close to Quebec and at the same parallel. It is said on the article;

"That’s the good news (resource is good). The bad news is that the area is remote and currently devoid of the infrastructure needed to begin development... Indeed, Noront has a chequered history of ownership - having seen off several major investors, including US heavyweight Cliff Resources, that have been financially burned after the stranded assets proved too expensive to develop as commodity prices moved around..."

That is the problem in Quebec. That's the reason AKE (ex-GXY) hasn't start development for a long time and Nemasca was bankrupted (and sold to Livent) because of the same reason.

Do you want to see what SYA (Sayona) is doing there at the frozen country?

It's like an arctic exploration

Moblan-drilling (april 2022)


Process plant completely covered. (This is summer time indeed)



Even the crushers inside the building



Grinding (ball) mills inside the building.'