Now at $50m market cap. Didn't expect it to fall this much, but today is a red day for all lithium stocks anyway. Around this level is quite reasonable for future exploration success. We hoped for overnight riches but it didn't happen, so now it's a waiting game. The good thing is SLM is still one of the few juniors drilling with a decent potential on all of ASX (alongside BM8 and TKM, both at similar market cap), so punters will be back sooner or later. All other junior explorers are a long way off.
SLM Price at posting:
61.0¢ Sentiment: Hold Disclosure: Held
