Rightyo, I hold/held a few sound lithium companies, but out of them all, I think DTM, has the potential to smash them out of the park given the immense size of their holdings and now ancillary diversity of other minerals which were in focus before the DTM lithium discovery. They are actual holdings and not based on flimsy agreements or maybe's. Management moved quickly to secure this ground before others had a sniff.
Some of us hold CXO and its been a roller coaster, but Malay's words are salient on CXO's threads, "Any company with lithium now has it made".
For others, the reality is any explorer takes time and there maybe a few hurdles, but the prize in terms of risk/reward as more information comes to light and agreements are made are worth it IMO. I certainly want a sound agreement made with JV, not some botch of a job just to get things moving. However when they said near term I would say it won't be too far away from further sample results.
Many of us who have traded for years, realize that companies collect good ground in the downside of the business cycle from weaker outfits. You only have to look at zinc, copper, nickel and cobalt to see the upside this proactive collection years in front of the current market is paying off now. No such thing as a fast buck for these guys who we all feed off.
The World Bank has recently announced it will not be funding coal projects in the future. We are past "peak oil". Access to some lithium deposits may hinder short term development while easy fruit is picked around the world; but it is the guaranteed supply the world needs for the foreseeable future that will override any concerns. The price is rising and is sustainable. Robotic mining is coming too.
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