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To: robnhood who wrote (72759)	3/2/2011 7:14:21 PM
From: kidl	Read Replies (1) \| Respond to of 233809

robhood: Was it (CLQ) really just intuition or did you see red flags? If so, what were they?

To: robnhood who wrote (72759)	3/2/2011 7:37:45 PM
From: bull_dozer	Respond to of 233809

Going back to the teens? The Company was unable to reconcile the results of the internal review, which incorporated various resource estimation methodologies, with the reported 43-101 resources announced in October 2010. Michelle Stone, Ph.D., P. Geo., a Qualified Person as defined by NI 43-101, was the author of the 43-101 report. The Company anticipates that the independent review could be completed within two weeks. A detailed audit (including a new 43-101 report prepared by an independent consulting group) will follow and could require up to a number of months to complete. On-going detailed engineering and design of the Company's planned lithium carbonate mine and processing plant near Val d'Or, Quebec, will continue during the review/audit period. In October 2010, Canada Lithium reported measured and indicated mineral resources of 46 million tonnes grading 1.19% Li2O (at a 0.8% Li2O cut-off), plus an inferred mineral resource of 57 million tonnes grading 1.18% Li2O. This resource was used to develop a mine plan with a schedule to process one million tonnes of ore per year over an initial mine life of 14.8 years. The current mine plan will be reviewed following the review/audit. finance.yahoo.com