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Current Larry Oakley's Comment:

Date Posted: 06/09/10

New Alert -- Pan American Lithium Corp. (Toronto Venture: PL.V & Other OTC: PALTF)

Comment

I’ve been doing a great deal of research on Pan American Lithium. Here are some of my current findings on this emerging growth situation.

Its News on 6/3/2010

Pan American Lithium Corp. announced that it filed a Registration Statement on Form F-1 with the SEC to register the resale &/or issuance of 24,699,751 shares of its common stock. Subject to the Registration Statement being declared effective by the SEC, the company intends to register under the U.S. Securities Exchange Act of 1934 & seek quotation of its common shares on either the OTC BB or the OTC QX.

Ten New Things I Learned so Far about PALTF

1. It is engaged in doing all of the preliminary steps to begin its Lithium production. As far as I understand, none of the company’s competitors are even close to what PALTF has already achieved.

2. Its planned operations in Chili, which I’ll cover in detail in my July issue of Conservative Speculator, should be able to get underway faster than the similar steps its competitors have planned in countries other than Chile.

3. I like the fact that management has decided to concentrate in Chile – I’ll explain why in July – look for my reasons why Chile was selected.

4. The company has about nine projects where it can mine from brine lakes, both surface & underwater ones, all of which other lithium producers can’t come close to.

5. Management has gained 100% control of its projects – a very sensible strategy in my opinion.

6. PALTF is in the process of identifying & negotiating with partners who are able to provide capital to accelerate its start of mining operations.

7. Management has made sure that its operations will not be challenged by other companies that have or are trying to obtain concessions near those held by PALTF.

8. One of PALTF’s brine lake’s initial steps to complete its resource requirements has demonstrated that it will allow PALTF to produce at an economical rate for 50 years.

9. As I will demonstrate in my July feature coverage of Pan American Lithium Corporation, I will show you why this emerging growth situation will enjoy very low operating costs compared to just about every other Lithium mining company throughout the world, even if PALTF’s grade of Lithium may turn out to be lower than that of some of the other Lithium producers.

10. I like the fact that PALTF’s operations will largely be in Chile, because as I will demonstrate in my July feature presentation, Chile has a better political & economic climate than pretty much any other country that has Lithium possibilities.

PALTF is trading at $0.241 as I write this at 10:51 a.m. on 6/8/2010, on a volume of 19,000 shares so far. Its 52-week range is $0.20 - $0.80, with an average three-month daily volume of 15,672 shares.

Some Background One Needs to Understand this Industry

The following comments are from my April 8th Alert in my “Comment” editorial coverage:

Many small companies that want to enter the lithium carbonate market have seen the potential represented by the strong interest on behalf of many automobile manufacturers in developing additional hybrid & totally electric cars that use lithium-ion batteries. They understandably want to be a part of such a growing industry.

Unfortunately, many such small companies do not understand that lithium carbonate is quite different from precious metals that will always have a waiting market, with the ability to always be able to easily sell their product. Yes, this market will grow immensely in the next few years, but most of the companies I speak of do not realize that this is a limited market. In my opinion, they are not embracing the strategy that is the key to success in this particular industry.

One problem they forget is that the move into full-scale production of lithium carbonate entails very great cost, & they assume that they can be financed through normal paths. Perhaps they can get such small amounts as $10 to $20 million, but that is only the tip of the iceberg of what is needed to get into adequate production volumes. Another problem is that they assume that the same strategy that has successfully been applied to the businesses of developing sources of gold, silver, copper, & such metals can be applied to lithium carbonate. I feel that is a fatal mistake, & that most small companies will fail because of their embracing that mistake.

Only those companies that develop a solid foundation will succeed. Pan American Lithium is, in my opinion, the best prepared of all of the companies that I have investigated.

My Opinion of Why Pan American Lithium Will Prosper

1. It recognized all of the problems I enumerated above, & has carefully laid its foundation to avoid them.

2. It is in serious discussions with several companies that have two vitally important characteristics:

(a) They are large important users of lithium carbonate that want a steady, reliable source that they can
absolutely count on.

(b) They have the ability to arrange the large financing that is needed to ensure that their source will be able to meet their future needs.

3. It has already made arrangements for mine permits & related actions, so is on track in all of the important aspects of its business plan.

Actually, I suspect that such off-take partner companies have approached Pan American Lithium, as opposed to what is most likely being done by would-be competitors on the other side of that fence.

I have already given you the background on Pan American Lithium in some of my previous editorials & related Alerts. I suggest that you do some homework on your own on this emerging growth situation.

Incidentally, as noted earlier in this 6/9/2010 update, I am doing additional research for a detailed feature editorial article in my July issue of Conservative Speculator. If you do not as yet have the password for access to Conservative Speculator in the upper right corner of our home page here at WallStreetCorner.com, I made it convenient for you to get a free password there. If you ask for the password to access Conservative Speculator, I’ll send it to you so you can check my featured stock in the June issue. It’s Elephant Talk Communications, Inc., another sleeper & true emerging growth situation.

Call David K. Waldman or John J. Quirk at Crescendo Communications at 212- 671-1020, or see panam@crescendo-ir.com

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