@prolifix I can see what you are saying, but look at the lithium...

@prolifix I can see what you are saying, but look at the lithium hopefully going back. There were a broad range of 'share prices' (not market caps) and they all ran relatively at their time. Such as either PLS, AJM or KDR. Looking at AVZ you could use them to support your argument of the lower price the more bags you can achieve, but they had exploration success (biggest runs are generally always on discovery) which saw them run from 3c to 30c plus sentiment around lithium was at all time highs. If we look back to the start of the bull run from July last year, KDR actually achieved significantly higher returns than anyone else to their peak, and had the highest share price.
AVL and TMT are still earlier stage than where these lithium plays were at the time, but definitely not penny stocks as you say either. A penny stock is still putting holes in the ground looking for a discovery.
Anyway, my point is I don't think their higher share price will affect things going forward...