Looks like POS will pivot to Li at LJ.
We all know LJ has massive Li and POS discovered high grade Li there in 2016 in many places
Since then the LiP has gone up 12,000% higher
This should get the SP back above 11.0c again like in 2016 when it went from 3c to 12c in 1 month on Li discoveries.
$60M MCap to $500M would be a good recovery retrace to allow BMM Padley to exit & PH to save face.
Imagine if NP did a LiP from 8 to 100 uslb, what would the POS SP be then?
Even with Li drilling we should uncover grades way better than these minnows as we have the best plot and a massive mill on top of it all.
Remember PLS went from 20c to $10 in a year on large Li discoveries at its tenements.
POS got the MILL there already and surrounded by Li discoveries and tolling demand.
Li will be focus at LJ soon imho.
Lake Johnston Lithium, page-18
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