The company is sitting on a miniscule market cap of $10mln - I doubt a 20-30% rise implies Li3 is sitting on $100mlns of lithium just yet.
At such a low mcap definitely worth a punt with more upside than down. Having watched this company since IPO, I'm not a fan of management and won't be investing (e.g. poor shareholder comms, little geo experience, past projects seemed poorly thought out).
This is a gamble - Remember to gamble responsibly!
LI3 Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held