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Long a buy and hold investor, I now believe that buy and hold has to be re-evaluated in a world of ever increasing, instant information and huge gyrations in markets all over the world. A value investor at heart, I anchor my portfolio with conservative funds and blue chip dividend stocks, but... More
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Retirefund
  • Salares Lithium Corp - Conviction Stock pick! 0 comments
    Jul 11, 2010 11:43 AM | about stocks: SQM, ABX, FCX, BHP, KGC
    The future is Lithium, and Salares is well positioned! 

    Chile: "The country’s salars are estimated to contain the largest reserves of lithium in the world" ....The United States Geological Survey



    Salares Lithium Corp (LIT-TSX)


    Location Atacama Desert, Region III, Chile

    Highest producing lithium country in the world

    Project Size 39,404 Hectares (Largest pure lithium package in peer group)

    Mineralization Sample grades up to 1,080 parts per million (non NI43-101)

    Lithium - Potassium sampled in all 7 Salares

    Proximity - 5 Salares clustered within 155 km. (see location map) 100% owned by the company.

    Deposit Type Continental brines. (Lithium is most easily and cheaply recovered from Continental brines than from any other source) Chilean brines account for 50% of the world's lithium production according to the United States Geological Survey

    Area Success- Major mining companies in the area include Kinross, Barrick, BHP Billiton and Freeport McMoRan.as well as SQM, the largest lithium producer in the world.

    Infrastructure Project location is easily accessible by road.

    All services required for a major exploration and mining program are available in Copiapó which is a major mining centre.

    Progress NI 43-101 Technical report (Complete) and exploration program initiated.

    Advantages

    • Located in the highest lithium producing country in the world
    • Largest land package of any company in peer group
    • 5 Salares clustered within 155 km
    • Grades up to 1,080 ppm lithium
    • Chile is one of the most mining friendly countries in the world
    • Rising demand for lithium is expected from the increased use of laptops, mobile phones and hybrid/electric vehicles
    "Salares Lithium (LIT-TSX) may be a takeover target of SQM, the largest lithium producer in the world, as SQM recently expressed a working interest in the Salars held by Salares Lithium".

    LIT trading at .65 today. Three month Target price of $1.40

    Photos
    Location

    More Lithium Stocks to consider.


    Search Engine Submission - AddMe
    Disclosure: long LIT
    Stocks: SQM, ABX, FCX, BHP, KGC
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