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re: Diving deeper on Standard Lithium?
Posted on 10/5/20 at 9:59 am to AaronDeTiger
Posted on 10/5/20 at 9:59 am to AaronDeTiger
It’s happening!
Posted on 10/5/20 at 10:16 am to jimjackandjose
Not yet. Seems like a lot of Mondays, someone is placing a substantial buy order and it shoots up, then people starting taking profit as day goes on. Unless a news release is coming or the anticipation of it. It has been almost a month since they shipped the lithium chloride to Canada. I think that news will push it over $2.00. How high? No clue. I'd like a slow drip of info. I prefer it not take off until I've owned the vast majority of my shares for a year. Looking to pay capital gains and not income tax! And I think the Lanxess project could just be part of a much larger market for their process. It would be the most profitable because of the existing infrastructure, but they have rights to geothermal units in California. The brine doesn't have near the concentration of lithium, but they are money losers. Extract the lithium and maybe other mineral with their process which appears to be the only environmentally friendly method of extraction and possibly the cheapest/ton with the concentrations in the Lanxess and Tetra leased. I do know that Tetra shut down their salt plant here and Lanxess has had heavy equipment in the area for what appears to be cleared space for extraction modules. Brine wells already in place. Tetra leases hold about 7-800k tons of lithium and Lanxess's about 3.1 million tons. Original project for 25 years at 20,000 ton/year, but very easy for them to up production and with the faster turn around time from tailbrine to finished, marketable 99.9% battery grade lithium they can easily produce more than 100k tons/year. Or so I understand. I hope it is what I hope it is. Would be huge for the area. Lanxess has lots of connections to E-battery manufactuers. They produce the housing and other components in their plastics division and many of the other minerals needed for production.
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