TORONTO (SHfn) – Lithium Americas (TSX: T.LAC, Stock Forum) shares climbed 14% to $2.29 on Monday after the lithium junior reported the results of a National Instrument 43-101 compliant Preliminary Economic Assessment (PEA) for its Cauchari lithium brine project in Argentina. The PEA calculates a base case pre-tax NPV of $983 million, assuming an 8% discount rate, and an after-tax NPV of $715 million. The base case pre-tax IRR is 30% and after-tax IRR is 26%. Production of lithium carbonate is assumed to be 40,000 tonnes per annum.

...........................................................

I feel bad as I bought the stock below around March 10/11 near closing as the stock traded in the millions of shares. A quick search indicated they had some sort of deal with Microsoft so I got in moments before closing. I mean't to post it that night here as an interesting buy. However, I guess I was too lazy or something.

Well, it has been some ride since then.

.........................................................

As well, shares of Intertainment Media (TSX: V.INT, Stock Forum) shot up 67.97% to $2.25 as the company announced that its social media, real time, language translation platform Ortsbo.com has reached 12.2 million active monthly unique visitors.

......................................................................................

http://www.theglobeandmail.com/globe-investor/markets/stocks/summary/?q=INT-X

..................................................................

THIS MIGHT FLY AGAIN TOMORROW

http://www.theglobeandmail.com/globe-investor/markets/stocks/summary/?q=AMRN-Q