Forwardflash, Agreed on ROC but Chinese mainlanders want brine pools also. Jiangxi Ganfeng Lithium Co Ltd is buying up International Lithium Corp (ILC) for access to their South American Mariana lithium-potash brine project in Argentina located within the renowned South American 'Lithium Belt'. Extracting lithium out of brine is going to prove to be the cheapest method. Putting that lithium on ships from Argentina to California/Nevada will be a natural.
Hey Salty check out ENZR it is a graphite company let me know what you think. Another is GPH
After today's decline, I wish the word would get out
SP will be a good source until WL comes on stream. SP is good for WL.
Why is he is surprised, ROC wants Silver Peak because they can process South American Lithium.
Bryan of Western Lithium confirmed that there were about 10 companies looking at lithium in Nevada just a few years ago. That number is way down since then, he said.
"I guess they didn't find the lithium," Bryan said....
..."Battery manufacturers still like to be close to the source," Bryan said. "The lithium battery is still one of the heavier components of an electric vehicle, so if you build it closer to the source, it's more economical because you can keep costs down."
Increased lithium demand from the Gigafactory — regardless of where it ends up — could also benefit Nevada. Still, Tesla's 2017 target means it will have to procure materials from international sources. Nevada does not have the critical mass in lithium production necessary to supply all of Tesla's needs or attract other industries, for that matter.
"The majority of lithium is still coming from overseas," Hill said. "Having lithium in the state provides benefit, but, in and of itself, not enough to cause companies to choose Nevada."
Despite his skepticism about a robust lithium industry in the United States, Anderson understands the attraction. Besides lithium, electric car batteries also need other base materials such as cobalt oxide and graphite. One of the leading suppliers of cobalt oxide is Russia, which Anderson identified as a risky nondomestic source for materials.
"One thing Tesla has to be sure about is the quality and reliability of its materials, and there's no place better than America for reliability," Anderson said. "I think China and Russia can be labeled fairly as unreliable trading partners. Perhaps one of the good things that can come out of this is that it will spur American producers into action."...
Tesla factor: Recharging Nevada's lithium industry
Jason Hidalgo, RGJ 1:06 p.m. PDT April 7, 2014Tough race
Not everyone, however, is hopping aboard the domestic lithium bus.
After seeing his fair share of lithium companies make claims about supplies in Nevada and either misleading investors or folding outright, Anderson of TRU Group is a lot more skeptical about domestic lithium prospects.
Anderson points to American Lithium as an example of a high-flying lithium company that made grand claims about a project in Nevada and then fizzled out.
"That company claimed to be the savior of American lithium supply — almost the same way that Tesla is being called the savior of the battery industry in America," Anderson said. "Now you can't even contact them anymore. I honestly don't even know what happened to them. They just vanished."
Only Western Lithium appears to be a viable project in Nevada at this point, Anderson said. At the same time, Anderson also described Western Lithium's plan to extract lithium from hectorite clay as opposed to the traditional brine ponds seen in Silver Peak and Chile as a long shot, at least from a cost-competitive standpoint.
Outside of Silver Peak, there are no other brine or salt lake opportunities in Nevada for lithium, he added.
Even Silver Peak is likely at the tail end of its days as a productive site, according to Anderson. With lithium production in the site starting in the 1960s, Silver Peak is basically running out of the material, he said.
"It was a good operation, but lithium concentrations have declined," Anderson said. "I'm actually surprised that Rockwood expanded operations because that site will be likely gone in 10 years. Silver Peak is even processing lithium brought in from Rockwood's South American operations these days...."
Tesla factor: Recharging Nevada's lithium industry
Jason Hidalgo, RGJ 1:06 p.m. PDT April 7, 2014
"...With the advent of smartphones and other portable devices, lithium saw its value skyrocket tenfold fr
om 2000 to 2010 before stabilizing to $6,000 per ton in recent years, according to U.S.-based development company Lithium Exploration Group...".
Western Lithium Kings Valley Lithium Project Pre-Feasibility Study Indicates $550 Million NPV and Supports Low Cost Lithium Production in Nevada
December 14, 2011, Reno, Nevada, USA -- Western Lithium USA Corporation (TSX: WLC; OTCQX: WLCDF) (“Western Lithium” or the “Company”) is pleased to announce the completion of a positive Pre-feasibility Study for its wholly-owned Kings Valley Lithium Project in Nevada, USA. Two scenarios were evaluated: A startup scenario based on mining and processing ore at a design throughput rate of 2,100 tonnes per day (13,000 tonnes per annum lithium carbonate), and a full production scenario to double production four years after startup (26,000 tonnes per annum lithium carbonate). The study demonstrates that the project could produce lithium carbonate at an estimated average cash cost, net of by-product credits, of $968 per tonne once full production of 26,000 tonnes per year lithium carbonate is achieved. Initial startup capital, including contingency is expected to be approximately $248 million. Incremental development capital to double lithium carbonate production to 26,000 tonnes per year is estimated at approximately $161 million. Sustaining capital of $40 million including contingency, is primarily composed of surface mine equipment, expansions of dry stack tailings and surface water management, and mine closure.
Salty - I missed that. Save yourself the trouble on the research. I'll contact some
people in corporate tomorrow to verify. I'll let you know what the say.
P.S. Had I heard that, I would have never posted the speculation on another
location. Last I heard was our CEO say, 'It COULD be at Kings Valley, or
it might be in another location in Nevada.'
Thank you. I agree. My concern would be a "hostile" takeover. I'm not selllng; but I'm in this for the long term. I'm afraid a lot of people might just take the fast money and run, and as you say,
somebody gets us on the cheap.
I'm not selling until they would offer $4.00/share U.S. :-)
If this company has as much potential as we think a takeover should be out of the question now. Why sell out now? What kind of premium do you think you would get? Very little imo. Something is wrong if we can not get the money to do everything necessary to get to the next level. It is way too early to consider a takeover. I would be very disappointed if they sold out anytime soon.
Salty and what will that mean for the share price ? As a guess ? over 3,,6 and 12 months I'm thinking $5 to $10 ? in that 12 month time frame I know this is nothing but speculation Bill
All of WL presentations show proposed Li plant at Thacker Pass just off a hard road and at the mine site. This means plant WILL BE on BLM land. I'll go back and find the specific presentation.
Agree. There is also the possibility of a takeover, and that the new company,
with deeper pockets, would then fund the plant themselves. Your thoughts
Fund IS the correct word bud. If someone is scared with that they should not be in this stock. Fact is, someone is going to have to front us the cash for the facility and they ain't giving it to us for free. If it is Musk you can bet the terms of the supply agreement, assuming one ever comes to pass, will be on more favorable terms than if he dos not supply the funding. Or it will be a stock/debt offering, either public or privately.
Anybody who thinks there is not going to be more dilution here is smoking something...hope you live in Colorado! It is nothing to fear. That is the natural progression for a small company.
Wondering if the board could help me out with some numbers I'm trying to run.
Is WL believing that they can produce 26,000 tons/annum of Li at peak capacity and what is the market rate per ton?