It’s important to keep one eye on peer comparisons for where fair value might lay but equally important to keep an eye on the Li junior sector in WA.
Some of these stocks have large tenements but haven’t even sunk a drill bit and are years away from a JORC and are commanding MC’s in the range of $50-$100mill.
I hold some juniors but after big DD on those stocks and then the same on ESS over the xmas-new year period it became very obvious that Essential Metals were significantly under valued given there progress at the dome.
It’s rare when you can be certain that a resource sector such as Lithium will be hot for many years to come given the supply/demand fundamentals.
My only fear is ESS gets TO too early,but that’s a good problem to have
ESS Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
