Apr. 16 at 12:52 PM
Hey
$LAC bulls 👋
If you’re watching this, you might want to check out a much smaller but compelling peer in the same Nevada lithium clay belt:
$NILIF Surge Battery Metals:
- same geology
- highest grade lithium clay resource in the US - 11.24 Mt LCE at 3010 PPM
- after-tax NPV of 9B, IRR 22.8%
- 70.5% owned JV with Evolution Mining (AUS)
- PFS Q4 26 (Fluor, Kemetco, updated MRE in April 🔜 )
Current market cap of 100M, 30M cash on hand.
Big valuation disconnect. Low visibility today, but solid fundamentals.. Worth a look if you like early-stage lithium. This is TP 2.0 in the making and I speculate it’ll become just that as a bolt-on acquisition due to its cheaper OPEX (20% less than TP) and higher at-surface grades (30%+).
