In most instances dead is a good description of the lithium...

In most instances dead is a good description of the lithium sentiment.

However, there is still speculative interest out there. If Lithium were dead, Kali Metals (KM1) would not have been able to float at 25c, run up to over 80c and last trade at 66c. With 144m shares issued Kali have a MC of just under $100m (figures lower than this are likely to be kicking around due to restricted shares on issue and some websites incorrect excluding them from their MC calculations). That's quite a bit for a pre-drilling company even if it does have a strong share register involving Chris Ellison of MinRes fame. The primary driver for that value would appear to be the strong share register and tenement holdings around Bald Hill / Mt Marion with significant potential. Kali have reported one particularly robust rock chip sample result but don't yet have either a whole heap of particularly strong rock chip results or any drill results.

Other companies have had 1m drill intercepts that approach the top rock chip result Kali has and remain a fraction of the MC of KM1 so it would be misleading to suggest E25 could add something approaching $100m of MC on some strong rock chip results.