FRS has only got the attention thanks to its lithium tenement and nearology play near to Westfarmers big lithium asset. I couldnt even get a single allocation. Without that, they would be lucky to be trading above 20c. Look at AS2, OZZ as an example - Gold Plays - They both have done drilling, hit mineralization and at or below IPO price due to gold not being flavour of the month. Tesla has just ann its move towards LFP rather than nickel cob manganese battery cells. Same as Wolkswagen and few other automakers. Will only drive more interest in Lithium sector. Anyways we can only speculate. Market will do the talking. I can only go by how hard it has been to get allocations. DAL another example Ni Cu PGE play and is hovering only in early 20s inspite of nearology plate being CHN but no lithium
MTC Price at posting:
41.5¢ Sentiment: Hold Disclosure: Held
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