Timmi
I think both of you debating on this topic are right but I think you are ignoring the facts on how these lithium plays are valued on speculation alone.
When a particular sector is running hot,20 million market cap has always been the norm and I have been trading and observing the markets for 35 years.
So on the lack of evidence or results this stock is overvalued but on speculation alone it is undervalued compared to the rest of the lithium sector.
Should we to ignore how the market values these speculative lithium plays or should we hope to buy in at a much lower level to be safe.
As far as I know RMX has the lowest market cap for a brine lithium play on the ASX.
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