We have never hidden the fact that we love lithium companies, and why wouldn’t we? These companies are fueling one of the greatest revolutions the world has ever seen and there is no slowdown in sight as the applications for lithium continue to create new markets with ever expanding values.
Tonight’s lithium play looks pretty from just about every direction, making it tough to choose where to start this report, so let’s begin with the obvious, this week’s Major Breaking News:
Far Resources Ltd. (FRRSF) just reported that initial drilling intersected wide zones of spodumene in Dyke 1 on their Zoro Lithium Property near Snow Lake Manitoba.
In this week’s Breaking Mega News the company noted:
“As drilling proceeds in Dyke 1, helicopter and drill pads are being prepared to provide access to additional high-grade lithium-bearing dykes on the property.”
Now we’ve seen first hand what can happen when positive high-level lithium results are reported – they can send a company flying high!
Important: According to the Fraser Institute, Manitoba- home to FRRSF’s Zoro Lithium Property, is ranked as the world’s second best jurisdiction for mining investment.
And FRRSF has not disappointed:
- Most recent Total Assets reported, September filing: $4,113,373
- In March of 2017 Assets Totaled: $1,586,415
That’s more than 159% growth in FRRSF’s Assets in just 6 months.
Seems like FRRSF isn’t simply in the world’s #2 mining jurisdiction, they’re flourishing there at an alarming rate!
Add FRRSF to the Very Top of Your Watchlist Now
What does the Breaking News mean?
Well Keith Anderson, President and CEO, commented, “These initial wide intercepts of spodumene mineralization in deeper levels of Dyke 1 at Zoro are providing us with the confidence that high-grade lithium mineralization can be traced to depth from surface and shallow levels in the Dyke.”
Of course the breaking news focused on Dyke 1 but there is much more to the Zoro property and Anderson addressed that in the company’s January 19th press release when he stated, “We are also excited about the lithium potential of high-grade Dykes 2 through 7 where no recent drilling has been undertaken. We are looking forward to this next phase in our program on Zoro; we are funded and ready to take this further as results warrant.”
To get a full picture of the Zoro Lithium Property check out:
As we speak there is a massive gap in lithium supply vs demand - potentially a $30BLN gap – that is being filled by small mining companies new to the lithium game; and any time a Small company finds itself in a Big situation... well, that pretty much exemplifies the companies we search for.
One of these companies, Far Resources Ltd (OTCMKTS: FRRSF)(CSE: FAT), is a bit ahead of the field in its lithium mining & assay efforts and can’t be ignored:
Far Resources Presentation
October 26th Lithium Testing: Assay Results for 60 Rock Samples from the Zoro Lithium Property
The Musk Buffett Factor:
If you want to know the potential for Lithium consider these two names: Elon Musk and Warren Buffett.
Musk just sent a rocket into space. Not figuratively, the guy literally launched a rocket into space. What does this have to do with lithium? Well the man has essentially staked his company’s future on the metal; Tesla Motors will require a massive amount of lithium to power their electric cars.
We’re just saying, a guy that can see a rocket launch through from dream to reality may have a pretty good idea of where the future of transportation is going and what will be required to get there.
Enter Warren Buffett, a man revered for his market sense and personal fortune. Buffett happens to be a major investor in one of Tesla’s main competitors, Build Your Dreams, a Chinese battery and electric car maker.
What this means is Buffett is a major believer in Lithium as well and consider this, China has followed in the footsteps of countries like India, France, Britain and Norway, having announced their intention to ban the production and sale of vehicles powered solely by fossil fuels.
Again, this means more lithium is needed.
It goes without saying, tonight we have our eyes laser focused on a company determined to fill that lithium supply demand.
As promising as yesterday’s news was there was another piece of news released by the company last week that could deliver even greater results- FRRSF entered into a binding letter agreement with 92 Resources Corp., TSX.V: NTY to acquire up to a 90% undivided interest in the Hidden Lake Lithium Property, Northwest Territories.
The Hidden Lake Project consists of five contiguous mineral claims totaling approximately 1,659 hectares within the central parts of the Yellowknife Lithium Pegmatite Belt along Highway 4, approximately 40 km east of Yellowknife. 92 Resources’ 2016 exploration results returned 1.90% Li2O over 9 m and grab samples up to 3.3% Li2O. Metallurgical test work has produced a high-grade mineral concentrate of 6.16% Li2O with an average spodumene lithium content of 3.8 per cent lithium (8.2% Li2O).
Now we’re talking about two lithium projects that are active. To understand why we love lithium and companies like FRRSF just check out the market:
- According to a report by Zion Market Research, the global lithium-ion (Li-ion) battery market was valued at around USD 31.17 billion in 2016 and is expected to generate revenue of USD 67.70 billion by end of 2022
Metals and minerals consultancy Roskill Information Services provides a base scenario for lithium consumption at 290,000 tons in 2020. However, that figure rises to a sizably larger 420,000 tons in what it calls its "optimistic" scenario.
The Power of Lithium:
We could talk all day about how important lithium is in power grid energy storage, consumer electronics, industrial applications, medical, etc… But what everyone tends to focus on remains the most impressive, TRANSPORTATION.
Lithium, an essential component in modern car batteries and battery-operated cars, is the future of transportation:
- China wants 5Mln electric cars on the road by 2020
- California plans to have 1.5 million “zero-emission vehicles” by 2025
- California lawmakers want to "ban the sale of new cars fueled by internal-combustion engines after 2040”
- Goldman-Sachs called lithium the “new gasoline”
FRRSF fully recognizes the opportunities that exist with their lithium projects and this is why they have opted to spinoff of their Winston gold property, located in the Chloride Mining District of Sierra County, New Mexico, consisting of a group of 16 unpatented claims known as the LG Claims; a group of 4 unpatented claims known as the Little Granite Gold claims and 2 patented claims, namely the Ivanhoe Lode and the Emporia Lode claims.
Further details of the spinoff can be seen in this video:
There was a time when the lithium landscape was dominated by less than a handful of companies but those days are gone, the market not only needs but demands more production to continue feeding a revolution dependent upon lithium.
FRRSF appears determined to be one of those companies capable of filling the growing demands.
Tonight we are turning our attention to one of our favorite lithium companies, a play we brought to your attention in late November after seeing some very promising technical and fundamental developments.
There is no arguing with the facts, FRRSF put together a great run for us last time and we are seeing some very encouraging signs that could indicate another solid run ahead.
- Shortly after we looked at it in November it hit an annual high of .8702!
- In November it was as low as .2466
That’s a gain of 252%!
Since rising to that mark, FRRSF slid back into the 40s, where it has been since the beginning of this month, for about the past two weeks.
It closed today at just .4215.
The plateau could be highly positive and if it has found a base here, a bounce could be in the very near future.
- Last time it bounced to .8702.
- A bounce back to that level could translate into a 106% gain!
And any time there are potentially triple-digits on the table, we’re all ears... and I’ll bet you are too.
So, to recap, here is the blockbuster we’re looking at tonight:
- FRRSF operates in one of the world’s hottest industry
- The chart - a bounce could be coming
- FRRSF already has quality drill results that are generating A LOT of attention
- FRRSF has major assets on its books
- Volume is strong
We’re looking at a ground floor situation that could explode.
Make sure you put FRRSF & FAT.CN at the top of your screen right away.
Note: Far Resources Canadian issue, CSE:FAT, closed yesterday, Wednesday February 14th, 2018 at $0.52 with over 1MLN in volume.
We urge members to take Swift Action, start researching FRRSF right away.
As always, we encourage you to do further research.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of 007stockchat.com.
Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.
We have received twnty thousand dollars via a bank wire for the awareness of FRRSF. We previously received thirty thousand dlrs vis a bank wire for the awareness of FRRSF which has since expired.
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