General Discussion, page-1266

https:// s t o c k h e a d .com.au/resources/cash-is-king-this-is-how-advanced-asx-explorers-are-aiming-to-profit-while-lithium-demand-is-insatiable/

How many ASX stocks can take advantage? Not many

Fellow junior-but-advanced lithium stock Essential Metals (ASX:ESS) is also looking to go down the DSO path, Boyes says.
But despite the number of ASX stocks pouring into lithium there are only 14 hard rock JORC resources in Australia, which puts advanced exploration stocks like RDT, ESS and Global Lithium (ASX:GL1)  in rarefied air.
There also aren’t going to be additional Aussie hard rock lithium resources for quite a while, Boyes says.
“It takes a long time to find them and drill them out,” he says.
“Is there another company in WA drilling out a lithium resource in the next 12 months? I can’t think of anybody.”
Cash is King’

It doesn’t matter if RDT are earning $10m, $20m or $30m a month – once the company is in profit it changes the ballgame, Boyes says. Especially if equity markets tighten up, and the cost of borrowing goes through the roof.
“You look at equity markets, or lithium markets; they could change tomorrow,” Boyes says.
“You just have to capitalise while prices are high.”