Yours is a most reasonable point of view.
I am looking at it from a different perspective. The smaller lithium companies were in a similar position to mpj in terms of SP value. Mpj has a chance and like other lithium players had their chance. Look at them and look at mpj. Mpj is at the beginning of a new cycle if there are goodies then the SP will inevitably gain momentum. One sixth of a cent is what the company is valued. If the Pilbara tenements have what it has delivered to our neighbors then the SP is definitely higher. The price is what it is when and if a different price settles.
MPJ Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held