Hello fellow investors / traders,

 

That's what Goldman Sachs thinks. This new video from Goldman Sachs explains in detail how demand of lithium is poised to skyrocket in the coming years.

We love the lithium theme too, so today I'm focusing on ORRP which pulled back yesterday, and could be a sweet entry opportunity for us. 

Even better is that ORRP has been on a tear in recent weeks, and it operates in the very hot lithium sector. An industry that Wall Street just can't get enough of, and one that high flying Tesla Motors (TSLA) is trying to dominate.

In fact, since TSLA announced plans to build a battery plant outside Reno, Nevada, investors have started to pay great attention to the large lithium deposits in NV.

In case you are not familiar with lithium, it is a key component in the production of batteries used in cell phones and electric vehicles. As sales of electric vehicles, which topped 500,000 worldwide last year, increase, so is demand for lithium.

The simple fact of the matter is lithium is in a major boom phase. In the U.S., the Wall Street Journal just did a piece showing that the mainstream popularity of electric cars will likely see electric vehicles gain more than 35% market share by 2035.  In the article, they also mention that Goldman Sachs have said lithium demand could triple by 2025 to a staggering 570,000 tons, driven by smartphone and electric vehicles..

And as Elon Musk (Tesla’s Founder) recently said, “We basically need to absorb the world’s entire Lithium-ion production”. That’s driving a staggering boom.

ORRP is on the verge of possibly becoming a major player in the lithium game.  

Oroplata Resources Inc. (ORRP) is focused on becoming a substantial profitable Lithium producer by the rapid development of valuable production-grade Lithium Brine deposits in the Railroad Valley in Nevada.  

The ORRP geological team 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. 

Their WNB Project is located approximately 94 miles (151 kilometers) northeast of Tonopah, NV, in Nye County, Nevada. 

ORRP 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.  

One of the key's to ORRP's potential success is geographic location. Having interests in Nevada is particularly important for several reasons:  

• Nevada is the only major proven Lithium site in the U.S.; the majority of the world’s lithium comes from foreign sources like Chile, Argentina, and Australia. 
   
• This makes Nevada the only major Lithium producing area that’s geographically close to Tesla facilities, positioning it perfectly to profit from the coming electric vehicle boom; and 
   
• Nevada Lithium has attracted the attention of Tesla itself, with CEO Elon Musk showing interest in acquiring Nevada lithium mines.

ORRP also just added Mr. Paul Pelosi Jr. to its board of advisors. Pelosi has experience advising companies in business development, environmental sustainability and public policy. He is currently an Executive Director of the American Kratom Association, as well as an Advisor at National Strategies in Washington, D.C. 

"I am extremely pleased that Mr. Pelosi has now joined the ORRP team as a Senior Advisor,” stated CEO Craig Alford. “This is an unparalleled time in the growth of lithium portable power and the electric vehicle global marketplace. We strongly believe Mr. Pelosi will provide our team with invaluable insight into the regulatory and environmental landscape for the industry, and we look forward to working with him as we focus on developing a reliable source of clean energy through the fast growing lithium market in the U.S.A. and worldwide."  (See Full Press Release Here).

In addition, in an extremely important release out a couple weeks ago, ORRP announced that it has entered into an agreement with the vendor of the Western Nevada Basin Project ("WNB Project") to immediately eliminate the existing net smelter royalty (“NSR”).

With the elimination of the overriding NSR, ORRP will now acquire a true 100% interest in the WNB Project.  The vendors of the project agreed to remove the originally proposed NSR for a consideration of 636,943 shares of common stock in the Company.

You can learn more about ORRP at their website http://www.oroplataresourcesinc.com/


ORRP has delivered some impressive gains in recent weeks, and yesterday's pullback could be the perfect opportunity to get in on a play that is showing no signs of slowing down any time soon.

Get ORRP on your screen, do your DD, and be ready for the opening bell.