New York, NY (PRWEB) March 23, 2009
Mining MarketWatch Journal has published a review on Mountain Capital Inc. (TSX VENTURE:MCI)(Frankfurt:MHN). The review offers insight and opportunity afforded investors as 1,013,360 acre Alberta Lithium brine project has values which compare favourably to known lithium brine deposits in Nevada, which are currently in production. MCI could conceivably possess such a deposit, with significant size and potential yield.
The full review and valuation commentary may be found at: http://miningmarketwatch.net/mci.htm
"...Mountain Capital has come to our attention due, in part, to the staggering fact that recently negotiated deals for Lithium carbonate have reached upwards of USD $6,600/ton and the resulting extraordinary opportunity afforded, in our opinion, to prospective investors... Mountain Capital's 100% owned Alberta Lithium project lies within the Western Canada Sedimentary Basin. Considering that these oil field brines were deemed 'producible' regarding their contained lithium by Government of Alberta Research Council studies, it is our opinion that investors would do well to consider a long position in shares of MCI."
"The Future is Lithium: Mountain Capital's project acquisitions are part of ongoing plans to assemble a comprehensive and diversified portfolio of lands highly prospective for Lithium. These projects position MCI investors to benefit from the growing global demand for Lithium-ion battery technology; demand which is spearheaded by the push toward zero emission vehicles that will ultimately dominate our roads, and reinforced by rapidly expanding markets for portable electronics such as mobile phones, MP3 players and laptop computers. Other potential areas of growth in Lithium demand may come from its more traditional applications: production of glass and ceramics, pharmaceuticals, fine chemicals, and from aluminum-Lithium alloys for aerospace. Forbes Magazine recently summarized the case for investors establishing a long position in Lithium as follows; "Since a vehicle battery requires a hundred times as much lithium carbonate as its laptop equivalent, the green-car revolution could make lithium one of the planet's most strategic commodities."
Considering the impressive nature of its core holdings MCI appears undervalued with only ~22M shares outstanding and trading under CDN $0.12.