I don't think you really want those answers so I will keep it brief.
SYA, PLS and most other ASX listed lithium companies are not a good comparison for 1MC for the very simple and very fundamental reason that 1MC does not hold any of the tenements of interest in their own right, 1MC only have earn ins. Lots of M&A action in the sector at the moment but would anyone buy 1MC? what would you be buying, 60% of potential prospects after significant future investment?
When you only have an earn in your partners could at any time just reach in and terminate, same as AJM days when the noteholders could of at anytime pulled the plug, as they ultimately did. Plenty lost plenty last time and pumpers talking about 10c targets just pulls in more suckers, you will note last rounds pumpers haven't returned to the 1MC threads, no sheep to slaughter yet.
1MC Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
