New York, NY (PRWEB) March 30, 2009
Madison Avenue Research Group has published a report which provides details on current and forward looking global demand, pricing and supply for lithium. Interest and demand in lithium minerals has increased significantly, driven by the increased importance and production of lithium-ion batteries as the next generation power source. The report also provides a case study on Mountain Capital Inc. (TSX VENTURE:MCI) (Frankfurt:MHN) and the opportunity afforded investors as MCI.V's 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.V could conceivably possess such a deposit, with significant size and potential yield.
The abridged report may be viewed free of charge at: http://madisonaveresearch.com/lithiummkt09.htm online.
Excerpts from report:
1) Lithium - Demand, Pricing, Supply (Current and Forecast)
A) Current Lithium Production and Use
B) Forward Looking Demand for Lithium; Li-ion in automotive use to surge. Interest and demand in lithium minerals has increased significantly, driven by the increased importance and production of lithium-ion batteries as the next generation power source. Forecasts and problem with assumptions.
C) The Price of Lithium; Healthy demand is being met with increased pricing. The economics of Li commodity as a percentage of battery cost today allows for large upside commodity price increase with little negative effect.
D) Forward Supply for Lithium - A Highly Strategic Metal in Years to Come; Currently lithium production supply and demand are relatively in balance, however there is a lithium supply deficit looming and new entrants to the market place will be needed.
2) Case Study: Mountain Capital Inc. (TSX-V: MCI) - Exceptional Risk-Reward Scenario Presented as Lithium Contained Oilfield Brines Deemed 'Producible'
Upside Valuation/Summary: Mountain Capital Poised for Significant Upside Revaluation - The share price of Mountain Capital Inc. (TSX-V: MCI) (Frankfurt: MHN) appears in line for an upward adjustment, as the story of their Lithium venture becomes better understood. MCI provides excellent investment exposure to forward looking, demand side metrics. The new wave of eco-technology is clearly set to go ballistic with the push toward zero emission vehicles and lithium-ion battery technology as the future power storage source of choice. Considering the impressive nature of its lithium contained oilfield brines, MCI appears undervalued with only ~22M shares outstanding and trading under CDN$0.12.
Mountain Capital Inc. is a Canadian junior mining exploration company listed on the TSX Venture Exchange (ticker symbol MCI) (Frankfurt: MHN). On Mountain Capital's 1,013,000 acre Alberta Lithium project, historical data indicates lithium concentration values which compare favorably to known lithium brine deposits in Nevada, which are currently in production. The world hosts a limited number of readily accessible lithium brine deposits, and it appears MCI could conceivably possess such a deposit, with significant size and potential yield. Equally as important, MCI has highly experienced, talented management team dedicated to maximizing shareholder value.
MCI's mining exploration permits cover an area in which an "historical resource estimate" (non NI 43-101 compliant) of 2.4 Billion lbs of Lithium oxide has been provided.
This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Reports herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the disclaimer and disclosure section at the bottom of the above referenced URL.