LITHIUM EXPLORATION GROUP, INC
LEXG - OTC - Target Price $0.02 - A Triple Play
Financial News Highlights This Week
| These shares are rebounding on solid
volume. The shares are up by more than 10% on the Oct 11 , 2016
news release. Average daily volume is over 3 million shares with 119
million outstanding . We set $.02 as our Target Price which is more than a triple from where it trades today - Fact Sheet LEXG |
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Lithium Exploration Group Confirms Test ResultsPHOENIX, AZ / ACCESSWIRE / October 20, 2016 / Lithium Exploration Group Inc. (OTC PINK: LEXG) announced today that it has received and is analyzing the results of the carbon chain analysis. The results from the ten samples from various stages in the testing process show a marked change in the molecular structure of the treated oil. The results are being analyzed by Dr. Glotov to direct future testing activities. The company also intends, in connection with their partners at SonCav, to hire a third-party chemical engineer to assist in the analysis and to provide input on future laboratory related tests to run on the treated oil. "These results are good for us, but we are just scratching the surface on what this unit can do to crude oil and how we need to run the unit to get the ideal results. Our intent from here is to continue to test the throughput of the unit in treating crude oil that has 10-20% BSW (basic solids and water) content," commented CEO Alex Walsh. "Once we can have that performance data certified by an independent engineering firm, we can move to the fabrication and design of field-ready units. I estimate that our biggest hurdle from here to commercialization will be making the units operator proof."
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