There is no doubt this little 72mill market cap is going to be the centre of attention soon. But besides from hype over the sector what do this company's real prospects depend on?
the price of lithium to rise? (if so above what?)
increase resource base?
technical problems with other Li miners?
This is pretty much a pure Li play. It is not diversified. It is a one mine company. Very risky you speculators.
From my research, there is enough Li to supply demand for 100 years.
Dont go too hard on this baby. It aint so unique and is still a start up with capital requirements.
GXY Price at posting:
32.2¢ Sentiment: None Disclosure: Not Held
