If they aren't all con merchants why is the share price...

If they aren't all con merchants why is the share price continuing to tank for Lake and others? Huge demand for lithium, yet most lithium companies are worth next to nothing. Lake has one of the biggest resources in the world at Kachi and nobody wants a bar of it, except a small merchant bank deal in New York for very limited petty cash funding.

Most people seem to think mining stocks are a con, because they are. Even with joint venture partners many mining stocks crater eg. BAU with 2 large Chinese partners and a massive acreage in WA, dead as a dead dogs donger. CTP will triple turnover in 12 months due to NGP, a $20 million free carry in QLD, huge tax write offs, paying down debt, Newcrest gas powered Tanimi Gold power station near their doorstep, and Dukas free carry with Santos with multi tcf of gas and helium, yet the share price is much less than the takeover bid from a few years ago, when the gas was stranded.

Only good for a tax write off unless a miracle happens.