Lithium X shares spiked more than 1,200%, from $0.07 to $0.95...

Lithium X shares spiked more than 1,200%, from $0.07 to $0.95 per share on February 18, following the news that it had acquired a lithium property in the Clayton Valley in Nevada – one of the world’s lithium hot spots.

Shares continued to move up when the company announced March 3 that it had entered an agreement to acquire 50% of a lithium property in Argentina and were trending in the $1.20 per share range last week. They closed at $1.61 per share on April 5.

https://www.biv.com/article/2016/4/tesla-driving-frenzy-lithium-resource-sector/

Safe to say if we have the resources PLUS graphite $1.60 will look cheap. Indication of how fast things can move in this market. Important to note that Tesla have made it VERY clear that they will only source their lithium from North American markets.

ADV sites are so close to Thunder bay with existing infrastructure to serve North Amercian and Atlantic markets. In a year or two I wouldn't be surprised to then see Tesla signs ADV off-take agreement.

Before we get too excited, it all depends on what's in the ground. If it's there, the sky is the limit with the geographical proximity to the Gigafactory and LG Chem plant. It's not about if a deal will get done, it's about how good of a deal will get done!