RE:RE:Fat LongShot2017 wrote: shortSTOP17 wrote: Garabge stock , look at nmx, this sector is weak , it always has been there stock is still 2bucks, and they are way further ahead , momentum is curbed by flippers and shorts and insiders who really know what's happening . This is a pump and dump from the deepest levels . MJ is flying high on all fronts and Keith is pushing the dates for his spinco till next Xmas...donkey and carrot wagon .
Look at the market cap, not share price only. You're right they are further ahead, hence the >10x market cap. FAT is a junior that explores and proves up the resource, not production like NMX. Lithium demand and spot price will be increasing in the coming years... Rome wasn't built in a day, it takes time to develop a model from surface samples and then drilling. Costs money and need to shore up that cash... give your head a shake you xmas Grinch.
Very true long, but the long term game play for FAT could end up being a surprise...
Shortstop, read this:
NMX shares outstanding = 377 million
FAT shares outstanding = 91 million
NMX:
Resource
Category Tonnage (t)*
Li2O Grade (%)
Measured
12,998,000
1.60
Indicated
14,993,000
1.54
Measured + Indicated
27,991,000
1.57
Inferred
4,686,000
1.51
FAT:
Management often drawing comparisons with NMX.
FAT 1.8 million tonnes (historical) on one of it’s many, many Dykes.
Do some DD to see where this could and most likely is heading.
BTW beautiful chart. Happy 2018.