The lithium story is relatively new. AJM relied on heavy debt to get it going otherwise it would still be digging dirt - ironically it probably can't even do that in light of what has happened.
Whatever happened to the figures quoted in the DFS - payback period, IRR, assumed commodity pricing etc. Couple that with delays in ramping up etc and now the fan has been hit.
Makes one wonder about how some other upstarts will fare with their aspirations and with some of their projections enticing shareholders to get on board. Additionally, smaller mining operations appear to carry much higher risks - just how much risks are holders and potential holders are prepared for take on, is a decision up to us all to weigh up and consider. None of us can get it right each and every time.
AJM Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held
