Koi-7, I'm not sure what your experience is with finding brines in salars but perhaps you should wait for drilling results before pronouncing whether there is brine under LKE's Cauchari acreage. Your approach implies why drill at all? Exploration isn't ideally done off a computer screen by looking at satellite type mapping. If it was, many of my friends who are geologists, geophysicists and the like etc. could then spend a lot more time at home with their families. The rest would be out of work, unless they became screen jockeys.
Notice how close those high grade results were to our boundary. And notice the flow rates. We're talking about a reservoir system (under alluvial cover). How could they get such strong flow rates and there be nothing under our acreage?
Check out this slide. What structural event is going to be running along the boundary or thereabouts (under alluvial cover) that will somehow contain the reservoir to their side of the boundary? Nup, I don't accept that ...
When we do prove something up, we should have a big potential re-rate. Check out this slide.
Last night, it was widely reported:
"VW secures $25B battery supplies in electric-car push against Tesla"
Volkswagen secured $25 billion worth of battery supplies to underpin an aggressive push into electric cars in the coming years, putting pressure on Tesla as it struggles with production issues for its mainstream Model 3.
The world’s largest carmaker will equip 16 factories to produce electric vehicles by the end of 2022, compared with three currently, Volkswagen said Tuesday in Berlin. The German manufacturer’s plans to produce as many as 3 million electric cars a year by 2025 is backstopped by deals with suppliers including Samsung SDI, LG Chem and Contemporary Amperex Technology for batteries in Europe and China.
With the powerpack deliveries secured for its two biggest markets, a deal for North America will follow shortly, Volkswagen said.
... [rest of article not included]
https://www.mercurynews.com/2018/03...lion-battery-supplies-in-electric-car-push-1/
I like the story and I see more upside than downside at these prices, especially since hardly a week goes by without another announcement that electric vehicles are coming our way very quickly. And as battery prices fall, the stationery energy storage market will quickly multiply, too. I'm a waiting buyer, for example, and I know of many like me.
The beauty with the stockmarket is that none of us has to own stock, and we can just set our exposure to what we're comfortable with, and potentially save jumping at shadows. Good luck.
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