The only thing that is going to drive the price up in the short term is the deal with SQM. As far as I can work out they did a couple deals last year similar to ours. One is in Sweden, a very difficult place to get a mine going, and the other in Namibia, much easier.
The one in Sweden with Talga is as follows. I bet they don't go through with it, but who knows.
The one in Namibia with Andrada Mining looks a lot juicier for Andrada than our deal, but I wouldn't start drawing too many conclusions by comparing the deals. It is as follows:
The tenement is described below. Andrada's share price has doubled in the last week for no reason I can discern.
Anyway, the point of the above information is that we are in a pretty small group when it comes to SQM. If the deal goes through in the next couple weeks this will be great news for ITM and if the deal falls through I wouldn't be too worried because there is definitely a lot of pegmatite out there and nobody knows yet whether it is loaded up with lithium.
The only thing that is going to drive the price up in the short...
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