Argentina Lithium HEATS UP: Koreans move into Argentina - KORES Joint Venture into Lithium One's Argentinean Asset TNR.V, LI.v, CLQ.v, MLM.v, ROC:NYS

Lithium One and Korea Resources Corporation Announce Development Joint Venture at Sal de Vida Lithium Brine Project, Argentina

Highlights - KORES to earn 30% project interest by funding up to US $15 million towards a resource development program and delivering a Definitive Feasibility Study. - KORES to provide Project Completion Guarantee. - KORES to purchase up to 50% of lithium and to have certain marketing rights for lithium in China, Japan and Korea. - Lithium One retains rights to market 100% of the future potash production. - KORES signs MOU with GS Caltex and LG International to complete a consortium.

This is great news - think about where Lithium One's resource, compared to TNR Gold / International Lithium.

Fellow board poster on Stockhouse did a great job comparing the lithium brine that the two companies have under flagship projects:

Mariana (Argentina) - International Lithium
- Drill sample numbers up to 650pm just on surface (These tend to go higher as you go deeper - think salt water)
- Excellent infrastructure - by Chilean railroad
- Controls 100% production & surface of this salar completely independent
- ILC market cap at launch - $15 million (
.25 @ 60 million shares accordig to IR)
- @ a comparable valuation - let's say $40 million to be conservative = it already gives ILC shares a 250% potential gain based on that alone from
.25 to
.65+/share for ILC alone

Good luck all longs I know I'm adding more at this price point given below. Just wait and see.


Sal Da Vida (Lithium One)
- Drill sampled 694 ppm of Lithium
- Excellent Infrastructure - right beside FMC's Hombre Muerto
- Shares salar with FMC - one of the world's largest producers - I don't honestly think it's a good thing
--> 30% at $15 million = puts valuation of this salar at a nice chunk of change at $50 million
--> LI.v shares barely moved today - why? Market's alreadyaccounting for this into valuation - just look at the LI shares tradingat $1.50 with 45 million shares outstanding = $67.5M market cap

This gives it roughly $17.5M for the St. James Bay pegmatite resourcelithium, pretty fair given that market puts way more valuation on brines these days.
LI still has a bit of upward movements upon resource delineation, we shall see how this plays out with FMC right beside them...

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So far Lithium One (LI:TSX) has seen little to no movement from this significant deal - has the expectation been priced in already?

Google "Lithium Argentina" or "Argentinean Lithium" - the first result that comes up shows you who's been in Argentina longer.