Ann: Power expands uranium exploration in South Australia, page-8

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Tradeprestige

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23/01/24

07:08

Post #: 72012530
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Originally posted by iheartprofits: ↑

Trouble is the market associates all Li stocks as the same thing, they don’t differentiate between brine and rock, and brine continues to get a bad wrap with higher capex costs and the wider price decline….i cant see the sentiment towards brine changing….i feel we are in a very tough spot and it’s gonna last a while imo.

the company announcing a uranium drill campaign along with the REE project is great but is the uranium spike in interest sustainable if the world is moving away from nuclear ? Also the hurdles to uranium mining are huge and it’s gonna require a cr soon to drill.

I sound like a cold water merchant I know but a $16m mc company that’s supposed to be Li focused, already diverting funds into REE and now into Uranium and of course the slipper….that sounds like a company that’s spread really thin with bugger all cash to fund any of its dreams.

we’re entering troubles waters I reckon

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Brine higher Capex??? $US200m ??? You should be so lucky we have other projects that are relatively inexpensive to explore and add value in the midst of a Lithium cycle melt down. You should be so lucky we are a $16m MC company that isn't currently under mining or plant construction that may require additional funds to complete. You should be so lucky we have Summit Nano spending $20m at Incahuasi and hopefully a similar partner at Rincon. We are Lucky we are an agile Junior explorer that can run lean and mean if the waters do become troublesome. Interesting Times.

PNN Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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