LRS General Discussion, page-9933

I feel recent selling pressure mostly came from investors who move from LRS to Canada explorers, maybe Electrification and Decarbonization AIE LP is one of them. Possibly they are right as they have earned a lot recently. But I think the best time of switching is already passed, so selling pressure might slow down for LRS.

There are two big major phases of share price uptrend for Lithium companies, exploration phase and development phase. each phase has a peak. For fast-pacing projects, the interval between these two phases is shorter, for some projects the gap might be very long. I think PMT still has potential to double its current share price in the exploration phase, some speculators may push even higher. But if look at the map, the development will take many many years. It will take years to get environment approvals, then take years to build a 13km all-weather road across forest, lakes, after that, it can start building the mine. So the gap between exploration phase and development phase will be very long. WR1's Adina is even further from main road although I hold some WR1 as well.



LRS also have potential to double it's current price with exploration moving forward, or go even higher when move to development phase next year. With similar potential, I think it's not wise to switch from LRS to Canada mines from now unless you are short term trade experts.