AMEL hits highest volume in 6 months

With oil hitting $100 last week on account of Libya's troubles, there is no telling how much higher it could go.

Analysts at Nomura have compared the current Libya disruption with the 1990-91 Gulf War. "It is the only event in the Middle East which seems close to the current crisis during the free-market pricing era." During that period, the oil price more than doubled!

If we see oil prices the way they were back in 2008, we could be in very big trouble.

AMEL's goal is to grow into the largest and leading American player in the lithium industry.

Lithium is being described as the new oil! According to the USGS, overall demand for lithium is growing at a rate of 4-5% per year!

Over 60% of mobile phones and 90% of laptop computers feature Lithium Ion batteries!

Apple, which has one of the fastest selling cell phones says, "Rechargeable lithium-based technology currently provides the best performance for your Apple notebook computer, iPod or iPhone.

AMEL has a 5,880-acre Paymaster Project that is adjacent to the ONLY U.S.-based lithium producing plant, located in Nevada's Clayton Valley.

Over 30,000 years ago Clayton Valley was part of a very large lake that experienced volcanic activity resulting in the fall out of lithium rich ash.

Last week AMEL announced that they have entered into a drilling contract agreement to commence work on its planned 8-hole drill program on the Paymaster Canyon Lithium brine project and will commence March, 2011.

Each hole is estimated to require one week's time, according to GeoXplor Corp., who will run the program along with Robert Allender, AMEL's VP of Exploration.  

NIRAJ KUMAR

PGDM 2ND SEM