Here are your questions you should be asking. - What is Lake Resources point of difference? Relative to competing mines. - How large is their resource? - What impurities are in their brine ànd how much as this relate processing cost. - How are they affected by Government Policy and what mitigations have they put in place. - Are there major players directly or closely involved. - What is their potential Revenue relative to shares on issue to determine potential gains? - What are the market value of the other mines relative to size of resource. - What is the timeline? 10 years is ample.
Stock Charts aren't usually the best gauge of a company. Work its potential price in 5 years against current pricing. Only focus in what the company has achieved to date and what hurdles are left. Does this fit with your investment timeline? Strategy?
Best of luck.
LKE Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
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