MPJO & $14 Million Reasons, page-32

MPJ is now in the process of being seriously re-rated by the Market. Since Friday MPJ has effectively doubled in s/p from 0.5c to 0.75c +50% on big volume of 180 million @ 8/4 to now today only just over half-time @ 0.9c +0.2c with hi @ 1.1c on enormous volume @ ~372 million! This does NOT appear to be a 'pump & dump', but rather heavy-weight investors positioning themselves to get set in MPJ as a serious contender to discovery a Lithium deposit(s) at Pilgangoora, as neighbours PLS, AJM & DKO have already done, reflected in their sky-rocketing share prices. Led by PLS, a 60-bagger in 1 year, AJM, now a 25-bagger, & DKO now a 14-bagger, due to Lithium strikes at Pilgangoora - Lithium being THE hot commodity in the world right now and years into the future.

Some naysayers on HC have cast doubt on MPJ's ability to finance discovering Lithium on the Pilgangoora tenements, with a currently low cash position @ ~$200,000. Lithium is nowhere near as difficult or expensive to explore for as Nickel, previously (& in the future) being explored for at Roe Hills.
Generally relatively shallow outcrops of Spodumene in Pegmatites, it's not disimilar to exploring for Graphite. Coupled with the fact that "swarms of Pegmatites" are already known on MPJ tenements from historic data - Electrolytic Zinc in 1960's, et al from later reconnaissances (including MPJ's initial efforts), I would suggest that Management - the geological A-team - already have a very informed view of where to aim the drill bit. How hard can it be? Management only have to prove-up Lithium in ONE location on 3 tenements to completely transform this stock - the proverbial game-changer. I think they have sufficient cash and time to do this before expiry of MPJO Options @ 30/6/16. At this point, i.e. soon, MPJO will be convincingly in-the-money for holders (like myself) to exercise the oppies and convert them into fully-paid ordinary shares before 30/6/16. As of today as the s/p hit 1.0c & 1.1c, MPJO ARE in-the-money, and should continue to increasingly be so. I hold many millions of MPJO and, under the above scenario, will exercise & convert as many as possible. If MPJ discover Lithium at Pilgangoora, this will only be the beginning of the MPJ story & trajectory, as evidenced by the (continuing) stellar performances of neighbours PLS, AJM & DKO. I think it likely that MPJ will join this spectacular club.