I got another packet on market today.
Can only concur with
@jakers that the peer comparison makes BGS that much more of a tasty morsel.
LITHIUM MARKET CAPS 02/05/2017
PLS 1611 million
GXY 1283 million
KDR 694 million
AJM 692 million
AVZ 392 million
AGY 294 million
TAW 233 million
NMT 182 million
BGS 122 million
SYA 88 million (not including new dilution)
PSC 87 million
CXO 31 million
ADV 17 million
GPP 16 million
The lithium sector is a mixed bag today, notably AVZ wheels look to have fallen off. I would hate to think we have gone down by association of being another African lithium monster (especially after the latest release showcase Mali is a preferable mining jurisdiction over NSW and many other areas considered safe by ASX spruikers).
To counter my amazing optimism for our project I thought id make a list of macro and micro factors that may adversely effect the SP.
MACRO -- World war, Economic or monetary crisis, US stock market crash, EV's not being taken up by market, The Sky falls.
MICRO -- No logistics solution due to lack or approval or being cost prohibitive, being too slow to the market missing out on the lithium / EV growth story , an unprecedented disruption to the peace in the vicinity of our projects.
I don't see anything stopping this project from going mining, or for the eventual rerate to serious bucks. The above lists are basically hokum but the US stock market falling is a genuine concern to me -- I question why it would impact the way the warning signs have but there are no international market fire walls. Just wish we went up with the US stock exchanges instead of crashing and staying on life support since 2008 GFC.
Lastly, the Price of oil has recently gone parabolic and as such may be the last hurrah for this energy relic.. it should ensure a swift transition to EV's and clean energy alternatives as the POO increases.. inversely the disparity between the costs of EV vs Petrol are reduced (especially when the POO is considered over the lifetime of the vehicle!).
A long term investment horizon will keep you calm.. its good to see our market cap back up over 100m and reasonably stable, even if its exceedingly low.
@
Ubique13 -- I completely concur and was going to post the exact same reply, we look open on the left of the entire sangar and yando tenements. 200mt minimum if we bother.. quality was much better do with drilling to date.. MMmmmm
