Lithium HotSpot, Consolidation, Undervalued, page-50

Consolidation is one thing, drilling is another. Let us just hope this doesn't go backwards as occurred with some shares that have consolidated. It would have been better IMO to drill, get results and then consolidate. What is driving this up is our neighbours at this stage, so hoping lithium price keeps rising. Obviously the probability of lithium been there is high given our neighbours have it. Soil sampling, seismic surveys and then drilling is required here. Until that is done talk of 50c plus is just that talk.

SP growth based on our neighbours is not a strategy for long term growth. There are a lot of lithium deposits been developed, or considered for development, worldwide because of the forecast differential in supply versus demand, but that will close as new supply comes on stream. So we need to get cracking so that we can aim to be one of those suppliers.

First movers capture a growing market before it peaks and thereafter grows moderately, because first movers seek to ensure that supply equates to demand - later movers will simply rely on incremental demand growth to enter the market at that future point in time with more than one other competitor probably seeking to enter the market at that point in time too. MPJ needs to get cracking - medium term hold unless tenement work commences which then moves it to a long term hold (hence my sentiment).