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0.2¢ reedy lagoon corporation limited

Ann: Exploration update - Nevada Lithium Brine Drilling, page-56

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Dannygold

510 Posts.

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25/04/18

00:01

Post #: 32669509
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Originally posted by Precipitate ↑

A reason to look toward production in hope is that lithium finds are producing no joy in the current market (while negative news is destroying SPs even when there is further exploration occurring). On the basis of several other stocks that have found viable grades recently, I expect no significant rise in SP even if BSS returns 1000ppm. I fear we must now wait til the next lithium sector pump, or ultimately wait for steps toward production to demonstrate undeniable value to less speculative investors.

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Do you what 1000ppm means? We will 5 bag instantly if that happens. I haven't seen any commercial discovery of lithium on the ASX since AVZ so I don't buy your theory. The potential reward here is very high, although so are the risks.

RLC Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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