This stock is simple - like all my investments thus far - its a...

This stock is simple - like all my investments thus far - its a gamble as to whether or not there is lithium in our brine. 

Postives:

- Brine confirmed and large enough resource that if the lithium concentration is high enough we will have a solid resource

- Nearology is on our side with the world's highest quality lithium producer next door (i.e. Livent (formerly FMC), GXY) 

- Management have skin in the game and seem highly motivated 

- Low admin costs relative to other juniors 

Negatives/Risks:

- There could be no brine in there and this will be sold down to shell value (i.e. this is a risky gamble!)

- Financing will be difficult and any deal will likely be detrimental to shareholders 

- Lithium as a commodity may see much price volatility and even obsoletion

- Management have no prior experience developing 'greenfield' lithium brine resource

This is a punt - i've taken it before with ASN, ORE, RLC, PNN and a few others with rather disappointing results overall. I believe the lithium story and anyone that has a decent resource should likely sell at a premium for years to come, however, this will be my last investment of this kind.

Cheers,
RP

GLTA - i'll keep these top draw awaiting drilling permits and subsequent results.