Moe there are some gold explorers with multi million ounce resources trading cheaper as there cost of production is too high!
Refer to my above regarding bubbles and lithium too many unknowns
PLS MC over 300mil.....if lithium price spikes it could be worth 1 billion?
The market is always forward thinking hence why some of these spec explorers are valued at where they are. Its the market that determines value......if you think its over valued then dont buy.....with specs its all about risk/reward and these stocks have a high reward potential thats why the market values them higher.
Is it a bubble? Time will tell........
But for lithium producers they could be in for a great 5 to 10 years if demand exceeds supply
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