Good question. There has clearly been a lot of activity in the Pilbara area. A few different companies suddenly having their names thrust into conversations. I've only been holding my MPJ shares a smidge over 14 months and their arrival (Pilbara) was a bit of surprise to most holders. MPJ certainly havent been the quickest in getting drilling results but they havent been the worst I've seen in my time either. Given the 'heat' around Lithium, I'd be a bit disappointed in mgmt if they wasted time on this. Li is a hot flavour, prices are rising and available resource is thinning. Maybe some of the longer term holder can make a better call on MPJ turnaround times??
If they find something reasonable, it could either be a stand alone for them to mine....or it could be something they could offload to the PLS crew next door (if it isnt quite good enough for a stand alone). Who knows...the area is creating a successful stories for a few different companies at the minute, I am sure there is room for a couple more.
MPJ Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held