MPJ is finally on the radar as a strong contender to join the...

MPJ is finally on the radar as a strong contender to join the Lithium party, as evidenced by 50% s/p rise on record volume on Friday 8/4. Leading Lithium explorers (none producing as yet), PLS, AJM, DKO, GMM & GXY, etc. enjoyed further re-rates on Friday, from their already stellar multi-bag valuations in the last 6 months plus. PLS, now having raised $100M by last week for DFS, etc. closed @ 60.5c +11c! @ 8/4, AJM closed @23c! & DKO closed @ 13.5c! PLS, AJM & DKO are all neighbours of MPJ at Pilgangoora. In fact MPJ tenements are adjacent to PLS & AJM. MPJ have already found random rock samples in tenements up to 1.6% Li2O. "Swarms of Pegmatites", which host Spodumene (Lithium ore), are known on all MPJ tenements, from 1960's exploration by Electrolytic Zinc (thanks for research, Poet Plus), and more recently including the latest acquisition near Wodgina Tantalum Mine. I find it almost certain that there is Lithium - and probably large deposits of it - on MPJ tenements. As dubbed by numerous posters, MPJ have the geological A-team, who were previously fastidiously and meticulously exploring for Nickel in a Kambalda-style multi-deposit at Roe Hills. I think it's very likely that MPJ will discover a large & extensive Nickel deposit at Roe Hills at the appropriate time - now on the back-burner. Finding Lithium at Pilgangoora - now proven to be one of the major Lithium provinces in the world - will be MUCH easier and likely quite soon, once Acquisitions, Consolidation & formalities are achieved this month.
Market Caps: PLS - $491 Million + @ 8/4/16 (close @ 60.5 cents);
AJM - $125 Million + @ 8/4/16 (close @ 13.5 cents);
MPJ - $18 Million + @ 8/4/16 (close @ 0.75 cents).
Go figure our Market Cap if MPJ strike Lithium! This is also, from all indications, the likely outcome at Pilgangoora & sooner rather than later.

A Lithium strike - or multi-strikes - at Pilgangoora BEFORE 30/6/16, will put MPJO Options seriously in-the-money, as a discovery will make MPJ a multi-bagger immediately - like our neighbours PLS, AJM & DKO. There will be 140 million MPJO on issue post-Consolidation with exercise price @ 10c (cf 1c now) in 16 days time. Management have a HUGE incentive - $14 Million Reasons! - to get MPJO in-the-money by expiry @ 30/6/16. A Lithium strike(s) will definitely make MPJ a multi-bagger overnight - and bigger later on - and $14 Million on exercise of MPJO will obviate the need for Capital Raises for the foreseeable future, likely financing years of drilling, etc. Dilution on exercise of MPJO will not be an issue, or be irrelevant, subsequent to a game-changer Lithium strike(s) which will increase MPJ Market Cap by many multiples, i.e. to $100M - $200M + in the short-term! This outcome now appears very probable, and now more than ever!