Lithium play with an expected fully diluted market cap of ~...

Lithium play with an expected fully diluted market cap of ~ $27mil right next door to PLS & AJM in WA, along with some other interesting projects.

http://www.lithiumpowerinternational.com/prospectus/

Def a nearology play in the short term. One would expect this to get away well just based on comparable valuations to its neighbors. Acknowledging the fact that both PLS & AJM are well down the risk vs value curve with PLS the closest to mining.

AJM ~ $225mil
PLS ~ $716mil

The tenements that LPI own are on the boarder of PLS's tenement, where the resource drilling indicates to is still open at length / depth, so one would expect that it would flow over to LPI's tenement.

Will be interesting to see how this comes on. From all reports Sequoia are the sole lead manager and interest has been quite strong. I don't expect much stock to be floating around.