I was tempted initially as I had thought that their tenements close to core lithium's was already proven to have resource. Core Lithium has just started exploring near these tenements. The ones in production by Core L are a bit far away.
They are raising a total of 12 million out of which 4 million is cornerstoned. EV is also high around 6ish million. MC would high too. They did a seed at 1 million in April at 10 cents.
Positives are management, Lithium in that area, immediate results post IPO, loyalty options which which can also be availed from market post IPO.
I am staying away personally in this uncertain market conditions. will look to buy if it dips post IPO.
I felt Lightning had more positives than this. All my opinion.
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