hahaha... so true. I think people see the word 'pegmatites' and instantly assume that means spodumene and an abundance of it. The chances are there are some good hits, we just need to be patient. I'm planning on moving back in, however I don't mind if i need to pay a little bit more.
No, i'm not an all in / all out guy, however I am mindful that lithium is the market darling at present and price relative to potential is much different to what it was when most were buying last year, for example, PLS in the $0.02s and $0.03s.
The MCT SP has run very hard on little 'substantial' lithium news so the risk / return is slightly unfavorable in my mind. If the results announced tomorrow are not significant, you may see a significant sell down. If on the other hand they show evidence of spodumene through the chip samples I believe that you may get an uplift in SP, however most would have already bought in on the premise of future assay results so it may be limited until such a time that drilling commences.
MCT Price at posting:
7.6¢ Sentiment: None Disclosure: Not Held
