ADY 0.00% 1.2¢ admiralty resources nl.

major up grade to ady valuation on the way , page-5

  1. 2,619 Posts.
    lightbulb Created with Sketch. 9
    sorry I was in such a rush that I didnt get to update my sentiment.

    BUY would be my humble call. Haven't been this excited about a stock since BLR at 9 cents (almost 6 months ago now!)

    What a beast of an announcement - and in this modern economy Lithium is king. Any device worth its salt (excuse the pun) will run on a lithium ion/polymer, whether it be your traditional mixes or the new LiFePO4 (Lithium-Iron-Phosphate) compound that is going to revolutionise the use of lithium ion in transportation.

    http://en.wikipedia.org/wiki/Lithium_iron_phosphate_battery

    I had no idea ADY actually did Lithium till todays announcement...

    Lithium demand is real and growing... and I put forward one Example Case.

    The new Prius 2008 will use a Lithium Pack. This year 757000 Prius's have been sold so far. Assuming worldwide sales of 1 million for 2008, and 20Kg of Lithium per battery, you have
    20000 tonnes of demand or $120m@$6000 per tonne just from a single car manufacturer.

    Anyway - its all very exciting and just my 2 cents as to the forward expectations for Lithium metal.

    How many tonnes of Li per year is ADY expecting to pump out?
 
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