On those 99 junior companies in the lithium sector, what they fail to mentiion is what percentage have an actual resource worth mining. The answer will probably be less than 10. But the same thing happens in every other mining sector, you either have a resource working with or you don't. In all the other metal industries there is an equal proportion of failures of small companies that basically find nothing.
If you find nothing you are worth nothing. We certainly do NOT fit that category. We likely have the largest known resource on the planet, and that would only be known for sure when we finish drilling it out in 10-15 years time. We have plenty of reserves to last many years at whatever size the company has to ramp up to. Most others will be stuck to their original nameplate capacity because they can't expand with small resources.
Then there are those looking. Some will find good deposits and also be profitable enterprises, but the majority wont, and will go bust, or into the desperate sub 1c category, where we came from.
This resource is going to be successful, because of size, high quality of ore, and closeness to port, all essential parts of a profitable enterprise.
PLS Price at posting:
50.8¢ Sentiment: Buy Disclosure: Held
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