So why Latin Resources? Well, it was the second favourite stock of the $65 million man - a Marcus Today reader who turned $189,000 into $65 million in Kidman Resources (taken over by Wesfarmers) and then Liontown Resources.
"Latin Resources was his next pick after Liontown," Padley explained.
"It helped that Latin Resources is a very well-managed lithium spodumene explorer pursuing a low-cost, environmentally sustainable project with an NPV of $3.6 billion ($534 million market cap) using conservative lithium price assumptions."
He also believes that it helps that Latin Resources is operating in Brazil - next to the already well-established Salinas Lithium Project.
DYOR please..
So why Latin Resources? Well, it was the second favourite stock...
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