How much lithium did Sigma Lithium produce? The guys right next door to BMIX? Zero. They are valued at one BILLION dollars and are trading on NASDAQ. Mineral companies often trade on potential, not always production.
Potential drives the market. Look at all the companies trading that may have some sales, etc. but lose money. Expectation is that the company will start turning a profit at some point so we buy on potential. Remember as one example, Amazon lost money for years....
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