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676 posts
@LoadingCapital
Independent research into capital markets and resource investing.
$NILI.v $NILIF Most lithium clay projects: → Best ore = hundreds of meters underground → Massive strip ratios → Billions in capital just to reach the ore Surge's Nevada North Lithium Project: → Ore outcrops at surface → Highest grades at the top → Free dig. No blasting. NNLP's Geology is the moat.
$NILI.v drilled 9 core holes in 2025. Hit lithium claystone in every single one. The 640 m step-out (NNL-037) returned 4,196 ppm Li, at the very edge of the known deposit. Here's what most people are missing: No hole has established the deposit boundary to the south or east. The mineralized zone spans 4.3 km × 1.5 km from widely spaced drilling, and geophysical anomalies suggest the basin extends further. The updated MRE, expected late April, could meaningfully expand the 11.24 Mt LCE resource. At ~$9/t EV/Resource, @SurgeBattery trades at a near 90% discount to peers. Any tonnage added by the Q2 MRE is effectively priced at zero.
Lithium Deficit: @CG_Driven persistent global lithium deficits through 2035. LT carbonate lifted to US$23,500/t. At 86,300 tpa LOM, Nevada North would rank among the world’s top 5 lithium producers. We’re building it in Elko County, Nevada. $NILI | $NILIF
I genuinely think you can build an equities portfolio of the below - 3 BC exploration plays - 2 Mexican Silver miner plays - 1 Swedish developer && then - 3 pre drillhole Zimbabwean plays && underperform the S&P for the next 5-7 years, fairly easily.
Revisiting this idea #SPX / M2 stocks had a difficult time breaking through, got a correction, then broke through. Also back then the Fed cut rates from 5.5% to 4.75%, then ended up having to raise rates the following year.
