Not necessarily -> it's based on potential.
Now potential is the hardest thing to measure but basically it can be broken into 3 things.
Size and grade of deposit. How close they are to actually producing a product. Management.
PLS has all 3 in its favour, at current speeds it will be first to market by a long shot outside of GXY/GMM (which have their own issues due to deposit and faith from the market having previously failed).
Look at SYR compared to every other graphite stock and you have the same thing. The ones that jump on the train after the first run never run as hard. You just need to know this going in and trade the trade, CXO and VMC still have some room to grow you just gotta look for the signals to trade them and not think of it as a long term thing.
Very few stocks ever end up mining/producing and even fewer ever return value to stock holders. Never drink the koolaid![]()
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