Pioneer Resources has recently caught my attention in the gold/lithium space! I'm not sure how many people have been following this 'lithium boom' but stocks like GXY, GMM, AJM to name a few have seen prices go 10-25x up in a single year. Little PIO with a market cap of around $20m ($0.023/share) has recently signed a JV with a TSX listed business to take control/further explore their lithium tenement in Canada 'Mavis Lithium'. PIO plan to further drill the ore body this quarter, which is rather appealing as to date the tenement has thrown up some rather positive cores in RC drilling. PIO have also laid claim to a rather nice plot of land in WA which also appears to be throwing off some good early lithium signs in some soil sampling 'Phillips River'. This stock also has a decent gold acreage in WA just outside of Kalgoorlie which they have as their #1 exploration priority going by their most recent investor presentation. Further drilling to the 'Acra' tenement is occurring this quarter to better define the ore body/ies. If there are any gold stock fans here... i would encourage you to look at their most recent drilling of this tenement to better understand the hits/geology. PIO also holds what i hear to be some very good Nickel tenements with a deposit (Blair Dome and Fairwater). The stock has received quite a bit of recent attention and might turn out to be a very good junior for shareholders. The battery boom has a long way to run as the world moves to more renewable forms of energy/efficiency/electric cars etc. which will all require healthy amounts of lithium. Going by this, and considering the recent run in lithium stocks (over <12 months), i believe the uptrend is still well in motion and might be for quite some time. I hold shares in PIO as a interesting spec gold/lithium/nickel play - DYOR. BB
PIO sounds interesting as bellinvest mentioned. In terms of the actual lithium market demand, I think it's just getting started with Tesla's gigafactory coming online, and everyone else will be playing catchup. Graphite is another key component in lithium ion batteries too. http://goldstocktrades.com/blog/201...the-lithium-and-graphite-for-the-gigafactory/ Who knows, the graphite boom might be bigger than the lithium boom?
Though many people will call this run in lithium/lithium stock short-term rally... Anyone half switched on would understand that there is a trend emerging for electric cars etc. leading into the future. I.e the new fuel for transport. I heard one person say that getting good lithium tenements today is like getting good oil tenements in Louisiana prior to the oil rush all those years ago... Interesting thought. But don't be fooled... There will be plenty of junior stocks grab some lithium land thinking they're gonna attract huge amounts of capital...(directors get rich) But the quality juniors with quality management are the ones whom will move into the future in a strong manner. I think PIO is cheap. Has a really good MD and a good team behind the scenes (from what I hear). Every junior comes with a degree of risk... Risk/reward. I hold PIO as my only lithium play with a bonus gold project in WA and a bonus Nickel project in WA. DYOR Cheers, B
^^^So true, it's nothing like the previous hype we had years ago with lithium. I was looking at GMM when it was 5c, pissed that I didn't buy any. Sitting on 3-4 bags on the other lithium ones I bought so shouldn't complain I guess. SYA had had a good run too. Looking at my portfolio now to decide to just keep it as it is or sell some to buy other companies. I will have a look at PIO and see what happens.
Maybe sell enough to make back your original investment... then the rest is cream! PIO have entered a JV and have to spend $10m over like 10 years to gain full control over the Mavis project in Canada. Not much drilling has occurred here however there have been some decent hits which included this in a new zone; MF11-12 hole from 29 to 33m (4m) of 1.15% Li2O which included; 116.95m to 145.4 (28.45m) of 1.22% Li2O, 152m to 178.25m (26.25m) of 1.86% Li2O. Now... if PIO drill this extension further in Q2 as they have recently announced... the market could respond very positively with good results! that's a serious amount of Li2O in that RC hole... begs to wonder the extension potential! and along strike. Looks good. DYOR http://internationallithium.com/mavisfair-service/
PIO will do fine. I have a position there. liking the JV with ILC / Ganfeng. Should be a bigger position but i'm holding alot in VMC waiting for a rerate. oh and BGS.. majority in BGS. oh and GXY but its doubled so i sold half and free carrying it now. redeploying the capital elsewhere.. like CUL, BAR. spread the risk a bit.
To give potential lithium stock holders an idea about the potential of electric vehicles/battery power... A combustion engine has about 2000 moving parts, electric engines have about 20 (1%). Maintenance will be a fraction of the current cost.. A combustion engine fuel costs like $25,000 over 10 years, electric engines cost about $2ish/charge so about 5-10% of the cost or less. This is Tesla's current technology in the current model; - Top speed: 193-249 km/h - Normal range: 335kms - 426kms - Battery Swap in 1.5 minutes; 50% in about 20 minutes by Tesla Superchargers Imagine some grey nomads in 2025... travelling around Australia with say 10 battery packs in their caravan? they would never need to 're-fuel' at a petrol station in 2025... they can simply do a swap in say 1.5 minutes and there they go for another 400km (todays technology). SO by 2025... i think there will be minimal new combustion engines in production. Cheers, B
i'm wondering how the government is going to tax this and get revenue.. all the revenue from fuel taxes that these electrics will displace leaves a gaping budget gap i'm sure.
It sure will! IMO there will be somewhat minimal requirement for things such as mechanics, service stations etc. a lot of industries will be cast aside! however... it will open the door to new industries which haven't even been thought up of yet. The western socialist governments would have totally collapsed by 2025 so who knows how the taxation/political landscape will appear by that stage! they won't be able to fight the trend... Cheers, B
Just that when you compare the two and the potential gain $ wise, there is 7 times more value in one than the other if they are at the same market cap, it's like splitting an apple six ways instead of just two. Don't mind that Stodgy ole VRS though, he looks at shiny mirrors and complains about what's inside them at times. Personally spewing I did not read this thread last week, got in today @ 3c and can see it going waay higher, I got in for the Lithium but there is so much more to like here, Nickle , Gold, plus there is brine and hard rock Li here in Aus and abroad as well. A very solid and diverse bunch of tenements for a penny stock, can't see it staying at these low levels for very long as it has all the hallmarks of another PLS in short time.
Gotta love the stock market don't you This company has consistently lost on average 1 cent per share for the past 12 years, but the stock price has fluctuated between 29c and 1c in that period Frigging placements and capital raisings every few months! Yet another company that mines it's shareholders but never digs anything out of the ground
