$QMCQF -Quantum Minerals (QMC.V) Electrifies Canad
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Posted On: 06/19/2017 8:34:30 PM
$QMCQF -Quantum Minerals (QMC.V) Electrifies Canadian Lithium Project
Lukas KaneMay 29, 2017
On September 25, 1660, the great English diarist, Samuel Pepys wrote: “I did send for a cup of tee (a China drink) of which I never had drunk before.” At that time, tea drinking was a novelty. Thirty years later, England had imported 181,000 pounds of tea.
With soaring demand, the price of tea increased 300%.
Ten years ago, electric cars were a novelty. They’re not anymore. Tesla is mass-producing lithium-ion batteries for its electric vehicles (EVs). Sales of EVs are projected to hit 41 million by 2040.
Right now, and for the foreseeable future, the lithium business is a good place to be.
There are some mature Lithium pure-plays that are worth investigating.
Galaxy Resources (GXY.AX) is a lithium-focused company with assets in Australia and Canada. GXY is also developing the Sal de Vida Lithium and Potash Brine Project in Argentina. It has a market cap of $850 million.
Will it go up further? Probably – but with a 1,000% share price appreciation in the last two years, some of the upside is shaved off.
https://equity.guru/2017/05/29/quantum-minera...-electric/
Lukas KaneMay 29, 2017
On September 25, 1660, the great English diarist, Samuel Pepys wrote: “I did send for a cup of tee (a China drink) of which I never had drunk before.” At that time, tea drinking was a novelty. Thirty years later, England had imported 181,000 pounds of tea.
With soaring demand, the price of tea increased 300%.
Ten years ago, electric cars were a novelty. They’re not anymore. Tesla is mass-producing lithium-ion batteries for its electric vehicles (EVs). Sales of EVs are projected to hit 41 million by 2040.
Right now, and for the foreseeable future, the lithium business is a good place to be.
There are some mature Lithium pure-plays that are worth investigating.
Galaxy Resources (GXY.AX) is a lithium-focused company with assets in Australia and Canada. GXY is also developing the Sal de Vida Lithium and Potash Brine Project in Argentina. It has a market cap of $850 million.
Will it go up further? Probably – but with a 1,000% share price appreciation in the last two years, some of the upside is shaved off.
https://equity.guru/2017/05/29/quantum-minera...-electric/
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