I don't think it's necessarily toast.......Just like the other "exploration" type companies, it has its investor interest. It's just that in the more successful other similar companies, sometimes have a track record, or history, of finding valuable property, and then selling it to another company for profit. And of course for AMEL, I was wodering if they've ever done so, in the past. Hey, in some of the jr gold exploring companies, they even buy and sell the properties to other similar prospecting companies, and they do "further" testing, and find the land is even worth "more". And nobody ever mines the property, or moves forward, on reaping the gold that's there. But there can be big profits, in just buying them, and turning them over to somebody else.
Alternately, I do think the lithium industry's "biggest" demand for the metal, has to be for battery use, by sheer "weight" of the mined metal. I haven't read up on the other uses of it, say in other electronic components, or medicine, etc.......But I'm guessing its biggest use right now, must be for batteries, small and large........I'm not sure where the "electric car" industry stands, on battery types used. I thought it was still lead-acid type batteries, but I may be wrong. I do know that pound for pound, lithium batteries produce much higher current than "other" types.
So, the "demand" for lithium could change quickly, making this stock soar........I just would like to know that the company is making some sort of profits, rather than just eternally purchasing land, and stockpiling it "forever".........JMO.
