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- ⛏ Lithium PEA – IRR OF 121%
Greetings Contrarian,
Source: Trading Economics, Numerco.
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and go cycling.
Here are the highlights:
😮 Lithium PEA – IRR OF 121%
👏 Patriot Expands High-Grade
🐦 Tweet Of The Day
😮 Lithium PEA – IRR OF 121%
Lithium Ionic Corp. (TSXV: LTH) (OTCQX: LTHCF) (FSE: H3N) announced the results of its Preliminary Economic Assessment (“PEA”) and the updated Mineral Resource Estimate ("MRE") for its Bandeira project in Minas Gerais, Brazil.
Highlights:
Post-tax NPV8%: $1.6 billion
Post-tax IRR: 121%
Capex: $233 million
$233 million capex for $1.6 billion sounds too good to be true. Is it?
👏 Patriot Expands High-Grade
Patriot Battery Metals Inc. (TSXV: PMET) (ASX:PMT) (OTCQX: PMETF) (Frankfurt: R9GA) announces the discovery of a new high-grade zone at the CV13 Spodumene Pegmatite in Quebec, Canada.
Highlights:
12.7 m of 2.46% Li2O
7.6 m at 3.82% Li2O
8.0 m at 2.86% Li2O
The company expects an updated mineral resource estimate in mid-2024. If the average grade for Lithium Ionic is anything to go by, we can only imagine when they finally get a PEA going. If the project lasts in their hands that long!
📰 In Other News:
🐦 Tweet Of The Day
When #Uranium Twitter goes from euphoric to backstabbing and b*tchy it means something. Not saying we moon but the the froth is certainly gone.
— TBird (@TBirdV)
4:08 PM • Oct 18, 2023
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Happy Speculating!
The Editor
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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