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It is not bubble - yet. Market is very healthy and growing, just look at the map who is selling and who is buying. GM still gets lithium cells produced in Asia, maybe even from Lithium Carbonate imported from Nevada. Any chance that some North American lithium end users (are there any?) will be involved in Lithium development in Nevada? We guess it will be again Japanese with JOGMEC and Chinese players as before.

"The Company has recently completed staking an additional 2,655 hectares in Esmeralda and Nye counties essentially increasing the Company's land holdings two-fold for a total of 5,285 hectares. These new claims extend the Company's Fish Lake and Mud Lake properties to 1,295 and 2,914 hectares respectively and selectively target five additional geophysical and structural features that may reflect traps for lithium bearing brines. Through the compilation of historic third party geophysical surveys in conjunction with local structural interpretation, the Company was able to selectively target staking of high priority areas within larger areas of exploration."

FT:
"The lithium market
By Rob Minto
Published: March 5 2010 20:48 Last updated: March 5 2010 20:48
The world’s appetite for lithium is growing. Mobile phones, electric cars and many other devices rely on lithium ion batteries and the battle for lithium resources will intensify in the next few years.
The FT has acquired import and export trade data for lithium for 2004 to 2008. View the map by clicking on the link below. It shows information for each country. Chile dominated world exports up to 2008, but Bolivia is set to take over with the discovery of large lithium deposits.
Use the map to see data for the largest lithium importers and exporters for different years, and zoom in to view specific countries. Figures represent thousands of US dollars."