I agree with everything that you say, except you missed noting the imminent resource upgrade from drilling currently in progress. This little gem from a neighbour in Argentina shows what we can expect, along with a 25% (intraday) SP increase.....
Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce a substantial increase in its JORC (2012) reported Mineral Resource estimate for the Hombre Muerto West Project (HMW Project) located in Catamarca Province, Argentina. The revised Mineral Resource estimate was completed by the Australian based team of leading independent geological consultants, SRK Consulting (Australasia) (SRK).
AGY Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
(20min delay)