Why should I buy this stock?I'm not a big time investor, but I've got about 15k to invest, and I'm looking for a good quality junior that is likely to go to production either on their own or through a buy out. I first found out about this because I was looking for a phospate play, never knew much about lithium. It sounds like there are a variety of opinions about whether there will be a lithium shortage or surplus. Given that the lithium salt areas are much more economical to mine, how likely is it that this mine will happen, especially considering financing may become very tight with all the international credit issues?
Also, someone I believe on this board, mentioned that the phosphate land is way out in the middle of nowhere, with just some poor quality logging roads. That's a bit disconcerting, particularly as there is already a promising phosphate junior in the area.
It's tough to choose good juniors as everyone seems to have greater intercepts with whatever it is they are looking for. This one does seem to be well managed, and the president is buying stock, so it's definitely on my shortlist of potential buys today. Anyone want to help me out with this company? Lastly, since all juniors are inherently risky, I'm looking for a company which could realistically be a 10 bagger (obviously if things go the companies way) any chance with this one?