Credit must go to Andrew Pumphrey for his timing. He announced...

Credit must go to Andrew Pumphrey for his timing. He announced acquisition of 240 hectares at Linopolis Jaime and application of 19,700 hectare just west of the city of Governador Valadares in mid-September. Subsequent developments at Sigma and Latin will no doubt bring increased investor interest to that part of the world but Ozaurum already has secured its foot in the door at what in hindsight will likely be seen as bargain-basement prices. I also like that AP says he is actively looking to secure more ground from artisanal miners: at 240 hectares Linopolis Jaime might be viewed as a good start.

Just to show the swarming effect "gold" rushes can cause, I count 33 ASX listed companies under a market cap of $50m that have stampeded into Quebec looking to replicate the lithium success of the likes of Patriot or at least to harvest the optimism of punters. I am not as familiar with ASX activity in Brazil. Other than Latin and Ozaurum I cannot think of another ASX stock active in lithium in Brazil. My guess is that will soon enough change but Ozaurum should have early mover advantage (Winsome, in Quebec, had that advantage and picked up Adina and we will find out on Monday whether being a first mover was an advantage for them).