Lithium stocks that will make it?

Originally posted by micky78: ↑

RJ

People read wrong previous expecting drill to start in early April. Last month I spoke to the company actually it is late April/early May. It is still going to be early May nothing has changed.

Actually I really want those options to expire by late June. So the later they drill the better it is for me. Without those options, IMHO can easily get to 6c ($33 million company) and with good drill results BMG can easily raise capital at 5c which is better than options exercised at 2c. So the later they drill the better it is for me.

Do you know why everyone is crazy about Argentina? Look at SRK, they paid US$6.7 million for 12,000 hectares of land in Argentina without any geophysics. SRK share price rocketed by 4 folds on that announcement. The same as cannabis stocks, rocketed 10 folds on the announcement.

Recently I went to a conference and I spoke to several directors of an Argentina brine explorer which I cannot name here. They all go crazy talk up on Argentina and how wonderful paradise it is. I asked them a simple question and they cannot answer.

I said...
"Argentina government has bankrupted so many times on massive debt. Their inflation in 2018 was 48% (yes 48% not 4.8%). The last time they have inflation below 10% was in 2009. They are borrowing on super high interest rate (due to poor credit rating, default loans), spend more than they earn. Do you think politicians who got voted in by their local people will let foreign lithium companies to mine high margin lithium without paying much tax while locals suffer 48% inflation?"
I said... "If inflation is 48%, how much will it cost to build a mine in 3 years time? Each year how much wage increase you need to pay for 48% inflation?"
I didn't say to them about Chile. I feel many directors always talk up Argentina as a wonderful paradise with super low tax, open to foreign investments etc. I honestly feel they open up the market to lure foreign companies into the country, than once they spend billions building up mines they will inevitably charge massive tax. It is workers and local people vote politicians into the office not foreign companies who make massive margin and pay little tax.

Yes, I want all lithium to do well. But I'm a bit sceptical about all Argentina company directors talk up the place like Argentina is so much better than Australia or Chile. They even said WA, NSW and QLD have too much tax.... "horrible, Argentina is the best place (exact quote)".
Just IMHO

Expand

You forget that the massive inflation is offset by equally massive currency devaluation. They tend to keep pace with each other. From the latest ORE quarterly, Inflation vs Devaluation chart for Argentina...