A40 price action, page-167

MC and our Finacial backers where smart enough to see a viable project was there according to all the data that was available at the time and they decided they can save the money that would have to go into a BFS ad, more importantly, save the time it would take to get one done and the associated dilution to our share registry.

No one should confuse "No BFS done" = "Current Low SP" 
Look what having a BFS has done to the SP of all other Li producers during the past 14 months

Tide will turn, the perfect storm is gathering...
* Production slowing on many fronts
* Brine producers will fall first, the water issue (drought and not the floods) will become an insurmountable problem. However if one of those floods hit the ponds that will shake up the Li sector overnight.
* New entrants will find it extremely hard to secure finance, which will delay more product coming online, and that will coincide during a time when EV transportation and Storage will shift into a higher gear.
* Extreme Weather events cannot be ignored when making your investment decisions. The Pilbara Region is prone to wild weather events, the probability that they become more severe is high.

A40 is the one to hold for the fasted ROI potential.

All IMO

There is plenty of data out there for investors to make an informed decision. My spreadsheet is confirming my 'Gut Feeling' - even when using worst-case input numbers...keeping in mind that you can't set your numbers to low as foreseeable supply/demand metrics won't allow the 'worst-case' numbers to go to low...unless you believe MacBank and Co.
The BOOM is coming and A40 with minimum debt, the lowest number of SOI, possibly hitting cash flow positive sooner rather than later.
Whats there to worry about?