Buying In Today On Share Price WeaknessJunior explorers are always subject to dips in price. Who knows why someone sells? Who cares?
But in an effort not to pay too much initially, I took advantage of today's dip in price to pick up a small position in Foremost for the future. It appears that the share price is now on a gradual upward trend.
But also it is interesting that this company (Foremost Lithium) appears to be building a nation wide base of potential lithium properties. Snow Lake is good in grade. But Quebec has similar great potential!
That's how to grow this company bigger! Lithium is going to be big in Quebec.
And according to John Kaiser, this metal will be in even a shorter supply than copper in future years. I enjoyed reading his blog and this video presentation, "The Eye Of The Hurricane."
https://secure.kaiserresearch.com/s2/KaiserBlog.asp?ReportID=720537 I believe that the time to get in on this company is now, when the price still remains so cheap!
I like buying cheap companies even if the market can't figure out, why to buy them.
I also have taken a solid position in Rockcliff Metals which recently has also come across a rather large cluster of spodumene containing pegmatites on its Bur property. The exploration of the lithium space is early days for Rockcliff. Assays do need to be done. More work this Summer!
And that company is focused presently in growing its copper resource which is good. But their present day share price is dependent on Hudbay's interest in their Snow Lake satellite deposits.
Hudbay in Snow Lake is still focused on their Lalor deposit which is huge and they have much left there to mine. But one day, that ore will substantially decline. And new mines take time to build. If you catch my drift, that's why I bought in early. I can wait!
So I may be waiting on both of these companies for some time to come. But that's what investing early is all about. Rockcliff is cheaper for obvious reasons. Foremost is a much more advanced company in the lithium space, so the entry point here is a little more expensive. But that is to be expected!
Anyway, if anyone has the time, enjoy listening to the video.
All the best, Java