There will be a good time for talking about Lithium but now unfortunately isn't it.
At the moment the market is pricing lithium exploration companies below the cost of exploration to define their lithium resources, even when successful in their exploration drilling. When the market is pricing this way, spending on drilling lowers the share price because it consumes cash and you don't get equivalent value recognition back for a more advanced project that the drilling (or other expenditure on met tests, studies etc) delivers.
If TG6 promotes its lithium, in the views of some investors its akin to saying I've this value destroying project to potentially invest in. That sentiment will change when lithium prices start to recover. TG6 in the interim becomes two businesses with lithium stalled and gold looking to be progressed rapidly.
TG6 Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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