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It’s time to talk about Lithium again. And specifically because NO ONE ELSE IS. I’ll get to why in a minute…
Once dubbed “White Gold”, Lithium was once heralded as the metal of the future – a necessary componant for all things Electric from Electric Vehicles, to watches, to batteries, to smartphones.
Fears of a supply shortfall were rife, sending Lithium prices practically to the moon in 2017, peaking at $25,000/mt.
But like all bubbles, reality set in. Lithium supply increased as forecasted demand was premature. Today, Lithium is now being dubbed “White Dust”.
SO WHY SHOULD WE CARE ABOUT LITHIUM NOW?
As I stated, demand was PREMATURE.
Regardless of whether there is demand today. There will be RECORD Demand as we head into the 2020’s as Electric Vehicles become more common and our electronic devices continue to evolve.
And the price of Lithium is now INSANELY LOW and may be showing signs of reversing…
So ask yourself this: Would you rather own AAPL shares at lows in 1995 or at All-Time Highs in 2019? The same is true here…
Do you want buy into the Lithium Sector when it’s at ALL-TIME HIGHS or when it’s a Bargain??
At these levels, the opportunity in this sector could be ENORMOUS. And one such company in this industry is looking to take the mantle and run…
Millennial Lithium Corp. (MLNLF) is a TRI-LISTED (US, Canada, and Germany) publicly traded company that controls over 20,000 hectares of prime land in the heart of the famed “Lithium triangle” – home to the world’s most prolific lithium riches.
In Argentina, the Company is currently advancing it’s lithium project located within an emerging mining district that is home to several world-class lithium mines and in-development deposits.
So could NOW be the time for MLNLF’s ascent? Let’s dig in…
MLNLF READY FOR THE NEXT LEVEL?
There’s no doubt that MLNLF was the toast of the town on Wall Street earlier this year.
But after staging a thrilling 137% Bounce Rally off lows of .67 to highs of 1.59 earlier this year, the stock, for the most part was quiet, slowly developing into the Descending Triangle Pattern with a strong support level that we have today. See below…
Throughout this period, MLNLF has traded below the critical 50 & 200 Day Moving Averages.
We’ll be watching to see if a potential break of these two levels + the upper band of our Triangle Pattern is breached to confirm a New Bullish Trend.
Keep in mind, MLNLF traded to as high as 3.83 back in 2018 – a full 235% HIGHER than the current price.
MLNLF – THE NEXT BIG NAME IN LITHIUM? Millennial Lithium Corp. (MLNLF) is certainly no novice to the Lithium Industry. But what sets them apart from the rest is the company’s long-term commitment to playing a meaningful role in the clean energy revolution.
And they do this through their control of over 20,000 hectares of prime land in the heart of the famed “Lithium triangle” in Argentina – home to the world’s most prolific lithium riches.
The Triangle is home to mega-Lithium producers SQM, Albemarle, Livent Corp. and Orocobre.
Livent Corp. and Albemarle, for example, currently trade on the NYSE with Market Caps of over $1.03 BIL and $7.15 BIL, respectively!
MLNLF can be proud to call them their peers in the industry – yet it trades at just over a buck!
SO WHAT MAKES MLNLF SO ATTRACTIVE?
With the focus squarely on it’s Flagship Lithium Brine Project – The Pastos Grandes Lithium Project, MLNLF plans to emerge as a top producer in the near term.
PASTOS GRANDES LITHIUM PROJECT
Situated in the province of Salta in the Lithium Triangle of Argentina, this Lithium Brine project is already in advanced stages with 23 wells drilled and $40 MIL spent in exploration & development!
The Pastos Grandes Lithium Project currently covers over 8,664 hectares, making MLNLF the most active company in this expansive salar.
MLNLF has completed a Feasibility Study on the project and has the potential to be in production in 2-3 years.
Following the success of the Phase I confirmation drilling program in 2016, MLNLF proceeded immediately to Phase II – resource estimation. Drilling to date includes 30 core and rotary exploration holes on 22 sites, and 4 production-scale pumping test wells amounting to a total of more than 9,000 meters.
US$ 1,030 MIL after-tax NPV at 8% discount rate and IRR of 24.2% for approx. 24,000 TPY production of Battery Grade lithium carbonate (> 99.5% LCE)
Total Initial CAPEX estimate of US $448.2 MIL
OPEX of US $3,388/T battery grade lithium carbonate over the mine life
Operation based on proven solar evaporation technology and conventional lithium brine processing
Projected production mine life of 40 years
As of today, an Environmental Impact Assessment-Exploitation has been completed and submitted to the mining authority with approval expected in late 2019.
The company is moving to the next development stage and seeking full funding for construction. To date there are no known environmental obstacles to slow down the company’s aggressive timeline towards a production decision.
THE BOTTOM LINE
As MLNLF enters the final stages of development of their Lithium project, all eyes will be on them.
And with Lithium prices currently at a deep discount, there may be NO BETTER TIME to consider this sector.
Make sure you put MLNLF on your screen RIGHT NOW and Follow on Twitter for all the Updates + Play-by-Play!
Editor | WallStreetAlerts.org
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COMPENSATION: WallStreetAlerts.org has been compensated one hundred and fifteen thousand dollars cash via bank wire by a third party, IR Revolution Marketing Corp. who has been sub-contracted by AX1 Capital Corp. for a one day Millennial Lithium Corp. marketing services contract. WallStreetAlerts.org does not own any shares of MLNLF. WallStreetAlerts.org does not investigate the background of any third party. The third party may have shares and may liquidate it, which may negatively affect the stock price. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. WallStreetAlerts.org may purchase shares on the open market of any mentioned company following the dissemination of this email.