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Re: myjo post# 98

Thursday, 02/22/2018 12:22:06 PM

Thursday, February 22, 2018 12:22:06 PM

Post# of 203
I would not expect the SP to react too much to the next set of exploratory reports. What should make a big difference will be the resource estimate based on the exploratory reports, the terms of financing/joint ventures, and the final planning/schedule/construction to production. For example, the more than probable joint venture with Orocobre, the company’s lack of debt and the fact that using Orocobre’s plant should result in capital project costs in the tens of millions of dollars instead of hundreds of millions should move the SP when the market realizes that Advantage’s potentials are real. However, these announcements will likely not be made until the end of 2018 or 2019. Please don’t get me wrong, I would also love to see the SP go up substantially now, but I don’t expect this to happen for several months. I also do not want management to announce fake/exaggerated news for the purpose of temporarily pumping the SP. Due to this, I have invested most of my money on miners that already produce lithium, while I have invested a smaller amount on Advantage. Advantage’s turn will certainly come, but not for now.
Good luck!
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