Lithium is not rare and there is a deluge of supply coming. Given all the players involved and the long lead times (sorry for the pun) it is going to take a miracle to not hit an oversupply situation at some point in the next few years that will wipeout your investment.
High quality lead resources in tier 1 locations are not common. While lead is the most boring of the base metals, this is a good thing from an investment perspective. The price is relatively stable and bankers are much more comfortable lending to develop a mine. A resource with low production costs and high quality ore like Abra will be relatively impervious to the commodity cycle. You are not going to make 20x from G1A, but at the same time you are unlikely to lose money. Anything above 2x and I will be happy.
- Forums
- ASX - By Stock
- G1A
- 5 Bagger Thread. Fundamentals and Opinions
5 Bagger Thread. Fundamentals and Opinions, page-23
- There are more pages in this discussion • 2,332 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add G1A (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $44.40M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
G1A (ASX) Chart |
Day chart unavailable
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
SPONSORED BY The Market Online