DKO dakota minerals limited

IMO the stock price didnt improve that much despite encouraging...

  1. 2,426 Posts.
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    IMO the stock price didnt improve that much despite encouraging first results from portugal has to do with the recent memory investors still have of the horrifying stock price performance and the resulting losses. Many bought at 20c+ and here we are at 7c. It will take time before investors could regain confidence, that is why I am not in a hurry and I dont expect the stock price to improve greatly in the short run, but if they could deliver good news after good news, things would change over the coming months.

    IMO it wont be about grade for this one, it is about the size of the resource (we need at least 15Mt at 1.10% lithium). The resource need to be big for economiccs of the proect to make sense and to attract financiers for building a processing plant. Otherwise, europeans would just continue buying cheaper lithium from chile, argentina, china and australia.

    No one is going to throw hundreds of millions of dollars to build a processing plant for a small resource, it doesent make economic sense, better invest the money in argentina, china or australia.
    Happy lithium investin to all,
    Last edited by DoctorFouad: 22/10/16
 
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