The only reason it worked for PLP is they went Lithium. In this ridiculous market, just mention lithium rock chip (1 of 22 Li-containing over 1km; like MCT) and the SP runs wild. Lithium is the graphite of 2015-16. Surely it will see the same large retrace soon. Not begrudging anyone success with Li stocks, just feel they are massively overbought atm.
Any, tangent, sorry.
I'm not pumped about this new ICG play, but the wording "after 12 months of DD" makes it sound a little less desperate. And a shallow resource is nice for a change.
ICG Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
