RMX 0.00% 0.1¢ red mountain mining limited

Borg Geoscience Joins RMX Lithium, page-1405

  1. 432 Posts.
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    I decided to have a little gamble with this company. The analogous ground with Clayton Valley seems like a good proposition. What intrigues me is the 8 billion dollar figure I see thrown around so often. I'm curious where it came from? I've done some research and I can't find the resource of the Silver Peak mine. However I've found two resources, which indicate it produces about 6000 tonnes of lithium a year. From current prices I'm guessing that's about 80 million a year revenue.

    Good no doubt, and I'm sure this can go up multiples if the resource is there. Just not sure it's quite the Goliath some think it will be. Anyway I've posted the articles I've found. Hope it helps. GLTAH

    http://www.reviewjournal.com/business/theres-lithium-them-thar-lakebeds
    http://fortune.com/2016/03/29/lithium-tesla-mine-nevada/
 
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