STTCOMP PLS, FA LONG
Lithium hard rock spodumene/Tantalum explorer in Pilbara
MC 200 mill
Cash $10m plus
Management heavily invested.
It's been a while since I tipped it but it's primed for a nice run, mostly due to the release of resource upgrade from current resource of 7 Mt to one in excess of 40-50Mt. Expecting ongoing drilling to 60Mt whereby MD expects the offers to start. This resource upgrade expected in the next week or two. This will propel it onto the radars of investing world looking for secure supply. The largest spodumene deposit also in WA, Talison Greenbushes mine was sold in 2012 for C$850,000,000. From 2017 no further sales from Greenbushes so PLS will take largest. As we know Lithium is one commodity that has defied the widespread commodity slump.
Hiccup with the TabbaTabba mine plant hasn't put a dampener on the SP, but if this is sorted expect a small rise.
Medium term (6-12 months expect 3 nagger minimum from here).
