CS. We are going to deal with dangerous high voltage here It is our favorite situation with sleepless nights and one very expensive question: "If we buy now, are we going to be unbelievably rich or we are already incredibly stupid?" - so for your own sake keep children away and buy our book which will be out in couple of years time to find out what happen next.The company's chart reflects Mr Market's total "maniac depressing mode" according to Warren Buffet. He decided that these guys are totally flat on batteries. It does not look like company have a lot of cash, but definitely full of ideas and using it wisely.
"Lithium is used for the treatment of manic/depressive (bipolar) and depressive disorders" - according to medical literature. Will this treatment improve Mr Market's condition? It will be interesting for our research "Juniors: Life After Near Death Experience" and we are following the situation with our money.
"In anticipation of the surging international lithium demand in various high tech and efficient energy applications, TNR has actively pursued an aggressive global acquisition strategy for Lithium and Rare Metals projects of merit." This sounds very ambitious. It is still too ambitious even for three Lithium properties in three weeks.
Quick search returned that Company received financing from insiders, when people in investment banks were not even allowed to stay close to the windows - jumping out is against insurance policy. Management now delivers serious properties without resources, but with historical results in stable locations. We personally understand Mr Market hesitation. Company run by professional Geos, experts Geos with Phd in REE are taken on board, nowhere trustworthy investment bankers and brokers insight. All this is very suspicious and warrants further investigation: in normal situation management will take money and deliver promises, these guys looks like completely out of touch with normal working ethics in public companies. Berny Madoff would not fall for this stuff, what kind of money can you make around there by fooling other people?
Our research and markets study has shown us that we can pretend to be cleaver then average, fool ourselves into buying low a lot of stuff which nobody wants in order to sell it high, but until Mr Market will realise that maybe we really are onto something and agrees with us, all our intentions will be just "money spent - lessons learn" category. No martinis and other pleasant beach extravaganza. We committed ourselves for this education sphere for the long run and, as you already know, are not interested in Taser-like quick discharge applications. Long Term optimal performance is very important for any electric vehicle. So before we decide whether this Junior allowed to join our exclusive club of the Next Big Thing lets see the news and Mr Market action - whether all this Lithium hype could bring the necessary Electric Charge for the Long Range.
With this NR today's news about Eureka are falling into the picture: Junior actively manages its cash flow, keeps all options open, but moves fast into Lithium market space. Two Canadian Lithium and Rare Earth Elements (REE) properties around Thunderbay, Ontario, the Forgan Lake property and the Niemi Lake property were announced last month and now Lithium Brine in Nevada next to "Chemetall-Foote Corp.'s Silver Peak Operation, located in Clayton Valley 34 km east of the Property is the only lithium brine producer in North America and has been in production since 1966". Interesting mix in stable locations for still cautious and traumatised market. Will Dr F. Breaks bring more ideas to the company? We will be monitoring Lithium performance further.VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 16, 2009) - Following TNR Gold's ("TNR") (TSX VENTURE:TNR - News) philosophy of generating quality projects and its recent entry into Lithium and Rare Metals the Company is pleased to announce the acquisition by staking of the 640 acre Fish Lake Valley property in Nevada, USA.
TNR believes Fish Lake Valley has geological features similar to those which have acted as a trap for lithium brines in Clayton Valley. Chemetall-Foote Corp.'s Silver Peak Operation, located in Clayton Valley 34 km east of the Property is the only lithium brine producer in North America and has been in production since 1966.
United States Geological Survey (USGS) sampling at Fish Lake Valley in 1976 found lithium brines on surface. One of these samples, located on TNR property, contained 200 parts per million (ppm) lithium. This falls within the range of concentrations reported to be used for production ponds at Chemetall-Foote's plant in Clayton Valley. To date, Chemetall-Foote's Silver Peak operation is estimated to have produced 234,000 tonnes of lithium carbonate at a rate of approximately 5,700 tonnes per year.
The presence of lithium bearing surface brines shows that modern Fish Lake Valley has geological and climatic conditions where lithium brine can form. At Clayton Valley drilling conducted by USGS and Chemetall-Foote has shown that as climatic conditions went through cycles, successive layers of lithium bearing evaporite were deposited.
During 1979, the USGS conducted drilling operations in Fish Lake Valley as part of a lithium study. One of those holes, located on TNR property, returned 21 ppm lithium in water at 16.8 metres depth. This level of lithium in water is anomalous and similar to those found in Clayton Valley in proximity to subsurface brines.
Mr. John Harrop is the Company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.
ABOUT TNR
TNR is a diversified metals exploration company focused on identifying new prospective projects globally with 20 properties currently in its portfolio.
In anticipation of the surging international lithium demand in various high tech and efficient energy applications, TNR has actively pursued an aggressive global acquisition strategy for Lithium and Rare Metals projects of merit. This further confirms the company's commitment to project generation, market diversity, and building shareholder value.
On behalf of the board,
Gary Schellenberg, President
TNR believes Fish Lake Valley has geological features similar to those which have acted as a trap for lithium brines in Clayton Valley. Chemetall-Foote Corp.'s Silver Peak Operation, located in Clayton Valley 34 km east of the Property is the only lithium brine producer in North America and has been in production since 1966.
United States Geological Survey (USGS) sampling at Fish Lake Valley in 1976 found lithium brines on surface. One of these samples, located on TNR property, contained 200 parts per million (ppm) lithium. This falls within the range of concentrations reported to be used for production ponds at Chemetall-Foote's plant in Clayton Valley. To date, Chemetall-Foote's Silver Peak operation is estimated to have produced 234,000 tonnes of lithium carbonate at a rate of approximately 5,700 tonnes per year.
The presence of lithium bearing surface brines shows that modern Fish Lake Valley has geological and climatic conditions where lithium brine can form. At Clayton Valley drilling conducted by USGS and Chemetall-Foote has shown that as climatic conditions went through cycles, successive layers of lithium bearing evaporite were deposited.
During 1979, the USGS conducted drilling operations in Fish Lake Valley as part of a lithium study. One of those holes, located on TNR property, returned 21 ppm lithium in water at 16.8 metres depth. This level of lithium in water is anomalous and similar to those found in Clayton Valley in proximity to subsurface brines.
Mr. John Harrop is the Company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.
ABOUT TNR
TNR is a diversified metals exploration company focused on identifying new prospective projects globally with 20 properties currently in its portfolio.
In anticipation of the surging international lithium demand in various high tech and efficient energy applications, TNR has actively pursued an aggressive global acquisition strategy for Lithium and Rare Metals projects of merit. This further confirms the company's commitment to project generation, market diversity, and building shareholder value.
On behalf of the board,
Gary Schellenberg, President
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