Yes Newbie I am just like you, I can't let something disproprortionate left unanswered. I have to admit that I don't believe all juniors will survive. People speak about the fundamentals at A40 being good? What might they be? If a new deposit was discovered 50k east of Fremantle, of 200Mt, at 5% Li02 on surface, even Greenbushes would be under threat.
Sadly, it is a bit of dog eat dog in the boutique mineral game. Look what the informal tantalum mining in the Congo did to traditional producers in Brazil and Australia.
The fundamentals at A40 are poor.
The reserve is orders of magnitude smaller than their competitors, the grade is lower and the strip ration 3X higher. What's good about that? Its further from port than any of its competitors and the little water they have is hypersaline!
A40 Price at posting:
21.0¢ Sentiment: Sell Disclosure: Held
