Jason Hamlin

Western Lithium Stands to Profit from Electric Car Stimulus

Yeah, good point.

While brine is *usually" cheapest, followed by clay, it all depends on the quality of the material...

Until the 1990s, most came from a hard-rock compound called pegmatite, mined in North Carolina and used in glass and ceramics. That's the form found in Canada. The preferred current source is brine, from salt flats. Some, like Western Lithium's, is in wet clay.

Brine is considered the cheapest to mine and process; pegmatite, the most expensive. But brines aren't equal: Their lithium concentrations vary widely as does the presence of contaminants, notably magnesium, which must be removed. It can be cheaper to develop a good rock or clay source than low-quality brine.


On Aug 16 11:55 AM romorris wrote:

> Give us a cost comparison to get lithium from clay versus brine and
> your article would be convincing (one way or the other).

Western Lithium Stands to Profit from Electric Car Stimulus

I wasn't aware of the company before it ran up. Wish I would have been. Timing is a tricky thing and it might be wise to wait for a pullback. However, I think most investors are just starting to look into lithium plays and that we have a few more weeks of mania buying before any significant profit taking/pullback. Time will tell.


On Aug 16 12:47 PM Alan Young wrote:

> Jason, why didn't you tell us to buy WLC *before* it ran up 50% in
> 3 days (.70 to 1.15)? Buying now would be chasing. At the very least,
> wait for a pullback to the gap at .82 (seekingalpha.com/symbo...).