Price is what you pay...value is what you get...
Warren Buffet For investors looking for a high-leverage prospect in lithium Let me introduce you to this MANN There is a huge price disconnect Going on at the moment it's MANN shares relative to its cash Balance of $1.3M. That’s a strong value proposition for a junior mining company that (after the recent carnage in markets) has a market cap of only CAD$1.8 million.
For investors interested in a high-leverage opportunity in lithium in a very prospective jurisdiction, MANN offers an inexpensive entry point with a very attractive share structure.
Less than a year ago, lithium was trading at under USD$20,000 per tonne. In recent weeks, lithium prices have soared past $71,000 per tonne. But the greater-than-tripling in price is only half the story in this hot commodity market.
The reason why lithium prices are going ballistic is that when both traders and end-users look ahead in this large-and-growing commodity market, they see lithium moving into a supply deficit.