92 Cent Forecast (Lithium Resource, Multiple Gold Anomalies)Probably a reasonable moderate term growth price forecast. Keep in mind the vast majority of Lithium stocks typically often overshoot to a much higher price (i.e. CYP, NRM, FL, CRE, etc.) and then eventually consolidate to a more typical trading range around that dollar price level.
The one exception I notice is CRE who has not consolidated as erratic as FL, CYP, NRM, etc.
For example, CRE high around $1.50 in recent months and currently trading in the $1.30 range (relatively stable) while other Lithium developers like FL recently hit $1.40 and currently trading in the 80's (quite erratic price movement & consolidation).
So, I can see SPMT trading in the 90's going forward and will probably overshoot quite significantly.
Nonetheless, any major development can materialize that results in a far higher share price valuation, such as SPMT Lithium spinout company buyout, or Gold Anomalies emerge into relevant trenching values & proven drill numbers or the bordering PGM-Copper-Nickel deposit in Northern Ontario trends onto the SPMT ground, or high value new property acquisition, etc, etc.