Here’s a simple question for investors. With gold trading at nearly $4,000 an ounce, would you accept the merits of an economic study on a gold mine conducted at a gold price of $8,000 an ounce? What about $10,000 an ounce?
What about the merits of an economic study on a silver mine conducted at say $100 an ounce, while we trade at nearly $50 an ounce?
Sounds ridiculous, doesn’t it? So then my next question for you is – why do we continue to accept the merits of lithium-focused economic studies at what has become a “standard” study price of $24,000 per metric tonne while it trades at the sub $10,000 a tonne level?
If you haven’t figured it out yet, we’re examining another economic study for a lithium project – the latest being a PEA presented by NOA Lithium Brines (TSXV: NOAL) for their Rio Grande Project in Argentina.
Lets dive in.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
