Volatility Soars As ORRP Announces New Drill Program In Explosive Lithium Industry
Good Afternoon!
Oroplata Resources, Inc. (OTCPINK: ORRP)
How was that for a breakout? Friday’s alert opened at 1.10 and rallied as high as 12.00! Say it with me: 990% intraday gains. By the time the dust settled from the eruption the play was still up 527%!
In terms of breakout winners this is one of my biggest and this is going to sound crazy but I am committed to beating that mark with my newest trade idea.
ORRP is about to launch its 2016 Exploration Program of drilling and geophysics for the Western Nevada Basin (WNB) lithium project and if the market intelligence is correct, this could be one of the biggest plays in the mining sector right now.
Lithium, in case you haven’t come across its importance, is getting huge buzz at the moment. Its use in rechargeable batteries and the solar sector is driving up prices which put companies like ORRP in a very advantageous position.
Publicly traded companies in the lithium industry have seen rallies as high as 286% this year and lithium prices are up 28.3% this year
Experts estimate the global market for lithium to be around $1.7B but that figure is set to rapidly by around 8.9% CAGR through 2019. ORRP has the strategic advantage of a sizable project (10K acres across 500 claims).
In the near term the play is poised and there’s a real chance ORRP could test its 12-month high of $1.86; as a matter of fact the play was only 2 cents shy of testing that 12-month high in the last session. At the time of writing ORRP closed at $1.72 but a slight pullback could be the perfect catalyst for a breakout above its 12-month high.
Volatility levels are promising with the last session showing breakout volume. RSI is an uptrending 64 so if you are going to capitalize then right now is the time to do it.
Check out the chart…
Here’s a link to the chart: http://stockcharts.com/h-sc/ui?s=ORRP
About
ORRP (Oroplata Resources Inc.) is focused on becoming a substantial profitable lithium producer by the rapid development of valuable production-grade lithium brine deposits in Nevada and throughout the southwest United States.
ORRP was founded in 2011 and is headquartered in Puerto Plata, the Dominican Republic.
Lithium Market Now $1.7B Globally
Global demand for lithium metal is projected to rise 8.9 percent per year through 2019 to 49,350 metric tons. In lithium carbonate equivalent (LCE) terms, the value of the global lithium market is projected to reach $1.7 billion.
Torrid advances in the rechargeable battery market will fuel increases, driven by rapid expansion in the lithium-ion (Li-Ion) battery industry as world demand for hybrid and electric vehicles (H/EVs), energy storage systems, and high-drain portable electronics continues to grow.
Rising production of primary lithium batteries will also support market gains, especially as improving incomes in emerging economies spur shifts to better performing primary batteries. Other major markets for lithium -- including glass and ceramics, lubricating grease, and metallurgy -- are forecast to post relatively moderate gains.
The lubricating grease segment will boast the best performance of these markets, spurred by the use of lithium-based greases in industrial and transportation equipment. Demand for lithium will also be strong in the smaller aluminum alloy market, where lithium is used to reduce weight and improve alloy strength.
News Development
Oroplata Resources Plans Drill Program and Discusses Corporate Communications Policy
ORRP recently announced that it is in the process of reviewing all available well data and refining a planned 2016 Exploration Program of drilling and geophysics for the Western Nevada Basin (WNB) lithium project.
The WNB Project is located approximately 94 miles (151 kilometers) northeast of Tonopah, NV, in Nye County, Nevada. Oroplata holds a 100% interest in 500 claims over 10,000 acres in one of Nevada’s largest trapped drainage basins in an area that was first identified as lithium rich by the United States Geological Survey (USGS). The Company also has an exclusive option to acquire an additional 700 mining claims in the area for a total of 24,000 acres.
Oroplata said that, “it believes the WNB project has the potential to host lithium-bearing brines in subterranean aquifers beneath the valley floor. Historical oil exploration and development data obtained by Oroplata indicate that geologic formations and brines are present that appear to be very similar to the lithium brine deposit model of the Clayton Valley. Clayton Valley hosts the Silver Peak lithium brine mine, which is operated by Albemarle Corp.”
Lithium brine projects are known to be lower cost to explore and develop compared to hard rock mining alternatives; they are quicker in proving up a resource and reserves; they are faster and much less capital intensive to put into production.
Craig Alford, Oroplata’s CEO stated, “We are very excited to be readying ourselves for a drilling and geophysics program at the high-potential WNB lithium project in Nevada. Going forward, we will continue to take our responsibilities as an emerging publicly traded company very seriously. As such, in order to facilitate the timely and accurate release of information to our valued shareholders and the investment community, Oroplata will maintain its policy to disseminate corporate material exclusively through its website, filings with the SEC, and through Company issued press releases only.”
To learn more about ORRP please visit their website: http://www.oroplataresourcesinc.com/
Don’t miss out on what ORRP has to offer, start your research ASAP.
Sincerely,
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