If you have them at .2 you are laughing. If you get some at o.3...

If you have them at .2 you are laughing. If you get some at o.3 you will be smiling uncontrollably! I agree with Supersteve and Letts; we are gamblers at this end of the market. But if you look at some of the other stocks around, what they have and who is behind them you would have to say that this one is the favourite...

(1) BCL, and by default the government, are not going to shut down the smelter. The flow on effects are too great, it's better to run it at a loss. The nickel will get mined. They (BCL) have said as much in various press releases that have been posted/discussed on this site.

(2) We know they have cobalt because they have told us in the announcements. BCL already produce $millions worth of cobalt. It's public knowledge. Why the cobalt wasn't included in the first pass is a mystery to me but I going with a mistake or a misguided attempt to save costs.

(3) There are pegmatites and pegmatites have lithium in them. What will be the concentration who knows. But it's an OK bet to make.

(4) There is an acquisition in the woodwork. I think they have been stopped or slowed down by either the ASX or the vendor of whatever they are acquiring, but if it was a complete stop the market would be informed.

(5) From what I can see Pat Volpe is no fool. He's not going to come out with a "me too" announcement that is going to run it up for a day then straight back down. There is no incentive for him to do so. It must have something of substance behind it. He's been playing in this space for years. If he wanted to do a crappy pump and dump he would have done it sooner. I think the fact that BML already owns the pegmatites on its leases is a good sign; he didn't run out and do a deal because everyone else was. If its there lets make money out of it.

(6) And one more time for good measure this thing can't go much lower. The upside potential is massive compared to the downside. It seems like a good bet to me.