Seems to me the market always overshoots. But if like me you are someone who likes the gold stuff it doesnt really matter. I have in my mind divided my holding into a core portion which is for the gold story and a supplementary shareholding to perhaps dispose of if there is a Lithium-induced jump in the short-term. To that extent Lithium is immaterial.
Lithium does of course also - depending on what they decide to do with it should a meaningful deposit be identified - provide the opportunity for a capital raise(s) at a better price than would otherwise apply for a mere gold developer. Even if the wheels fall off Lithium down the track that will still be of value to the company generally as it implements its gold plans.
None of which is to pre-judge the result of what happends in the next few weeks. There is clearly no such thing as a sure thing as the red on my screen frequently tells me.
BRB Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
