Immediate, direct exposure to the lithium sector through equity...

First 75 Last

Share
Profile

Follow
select4wealth

1,529 Posts.

18/05/16

07:23

Post #: 17796499
Share

Originally posted by springinhetveld ↑

But at 20c we will have MC of ~200m$! Do not think we will reach that level with whatever the announcement is. The MC of AJM is 200m$ and they have an off taker for their Lithium products. I actually wonder how high we will go. Our MC is already pretty high for an "explorer" with 57m$. At 10c we would be near to 100m$ which sounds like really a lot for an exploration company... I guess we may hit the 10c mark but we will fall below that in the coming weeks. Unless we have truly exceptional results.

Until we get some off taker and/or clear picture on building a mine I do not really expect us to go above 100m$ MC, but hey, I am pretty green to this whole business of mining! So what do you guys think will happen to our MC and/or SP in the coming weeks.

I got in at 2.3c so will just ride this roller-coaster and enjoy it. In for the long term anyway.

Expand

Immediate, direct exposure to the lithium sector through equity in the Mavis Lithium Project (including the Fairservice and Mavis Lake Prospects), which have known,strongly mineralised, lithium (spodumene) ‐ bearing pegmatites
we are Partnered with ILC in Mavis .....ILC ...is partnered with Ganfeng
The Agreement--An offtake strategy through ILC
Not hard to figure who the product will go to..
http://www.pioneerresources.com.au/downloads/asx/pio2016031501.pdf

..Thomas Wayne Spilsbury director PIO
Mr Spilsbury currently holds directorships in Minco Silver Corporation, GGL Resources Corp and International Lithium Corp. (all TSX listed)

Wang Xiaoshen, MBA Director ILC
Mr. Wang is also currently vice-chairman and executive vice-president of Ganfeng Lithium.
http://internationallithium.com/directors/

sold before dug up..all good ..rock on PIO..

PIO Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply