There is pretty much an element of speculation in shares. Some are priced at 40x or event 400x earning and who is ridiculous. Vice versa, some are speculatively cheap.
LPI is probably the most advance for pre production lithoum coy. DFS and EIS are done on the old tenements and thus the project is shovel ready. The mgt just need to pull off financing and offtake deals and these two are expected to exponentially increase the share price, imo. Yes, the mgt has not been great in keeping to the promised timeline but really hoping Cristo can make a different here.
It is all about risk and reward. Invest in this type of share can give you -50%, -75% return or if pick the right one it could be 1x, 2x, or even 10x return. Somehere bought at 20c, 40c,m 60c and at current price 80c it is up to 4x return.
LPI Price at posting:
82.0¢ Sentiment: Hold Disclosure: Held
