MPJ ------MPJDA, page-43

Hate to say it, it was been sold as a Ponzi scheme.

Yes LCT is the new metal - see electric cars taking off but not at the pace this guy is saying. In terms of MPJ we need to find it first. Given the Greenbushes deposit down south in WA supplies virtually 25% - 50% of the world's spodumene (and a good chunk of its lithium, for example any increase in demand will be the driver for investment in lithium as is happening now. But as you get in all booms - 1 in 100 exploration targets ever make it to production. I am hoping the lithium stocks I am invested in make it to production. But going back to MPJ, well we need to find it first, and then evaluate that resource to see whether we have a Contingent Resource and from there P90, P50 and P10.

As for the market certainly there is a demand/supply imbalance. As we get a few more mines come into production that will be the test as to whether the market has stabilised price terms or not. MPJ needs to get a move on, or else it will miss the bus IMO.