Take from this what you will, but doesn't this chart look painfully similar to GXY?
Past the frenzy of $3.50 a few months ago and institutional investors coming on board ... My view is that we are coming towards the end of the orphan period before we launch into full value. Evident by our measly PE of ~4.5-6 depending on your earnings assumptions.
The market continues to discount any value attributed from JB and SdV, just hold onto your hats folks. The similarities behind this chart and the current SP is mind boggling. Chinese lithium producers trading at PE rations between 30-45 if that's any indication of what's to come!
I would say good luck to long termers but I don't think we need luck - just a bit of patience
GXY Price at posting:
$1.98 Sentiment: Buy Disclosure: Held
