Recover to Breakout on Lithium play, page-220

Half the companies listed in the exchange have no revenues and are looking for gold/li/tech etc - that's why they are spec stocks!

Like I've put forward several times - they sit on a tenement between AJM and PLS. Both are successful and their market cap on avg is $300mil. With the region MPJ has a tenement in - one would assume they have a greater than zero chance of finding quantities of lithium. My conservative estimate until further derisked is about 20%. Taking a yard stick approach, market cap should be $50-60mil, about double where we are.

When others realize this, share price will 'reflect' the markets speculative valuation. We are far from this.

A shell ASX listed alone ranges from $3-5mil depending on structure. People often forget this too.

Consolidation on Friday will also bring about a re-rate. MPJ will want this to exceed 1.5c so that options are exercised and they can take advantage of $14mil via exercised options. Not saying MPJ have gone out and assigned a broker to do this, but they will come out with some juicy news to jolt the market IMO.

Either ride the wave or not, I'm in!