Sunday, September 6, 2009
WAYS TO PLAY LITHIUM MILLIONAIRE
Wall Street is making a fortune with lithium. They love the story so much that they're literally printing their own money with it. It's why you've decided to become a lithium millionaire too. The detail stopping you is determining which company to choose.
Investors are flocking to enter the lithium race worried that the flavor of the season will soon end. Relax. Lithium is much more than the hottest trend of the month. It's a valuable resource that will grow in demand probably sooner than the world is prepared for. Therefore, you have time to do your own due diligence and decide which companies fit your appetite profile.
The following is a brief snapshot of today's most talked about Canadian lithium explorers. The first two are slightly ahead of the class in assets. Each company is a high risk, high reward play and for that reason, some cautious investors will eliminate them for feeling their share prices are already overblown.
LITHIUM ONE INC (LI) Lithium in Argentina and Canada. $1.65. Argentina is considered to be one of the top 3 "go to" places for lithium.
WESTERN LITHIUM CANADA CORP (WLC) Lithium in Nevada. $1.04. Clayton Valley, Nevada is America's single lithium brine production plant and their "go to" answer for lithium.
RODINIA MINERALS (RM) Lithium in Nevada. .56 cents. A decent portfolio, but it's the one company I can't get a feel for.
TRN GOLD CORP (TNR) Lithium in Nevada. 25 miles from Clayton Valley. .265 cents. TNR has international interests and appeal.
ASHBURTON VENTURES (ABR) Lithium in Nevada. 200 miles from Clayton Valley. 145 cents. The newest junior to enter the lithium scene.
Canada does not have the famous lithium brine production history of Nevada. What's important to note here is that it does have its own lithium producer; Tantalum Mining Corporation of Canada Ltd. was established in 1967. Canada has as much potential for lithium exploration and eventual production as any other area. However, the quality and type of lithium remains to be explored and studied. Thus, the market is unaware of all the facts and it's not entirely sure how to digest lithium within Canada at this initial stage.
CANADIAN LITHIUM (CLQ) Lithium in Canada. .61 cents.
FIRST LITHIUM RESOURCES (MCI) Lithium in Canada. .21 cents. According to the street, they're examining prospects outside of Canada as well.
Each company is unique, but all are aggressively working to build their lithium project portfolios. Every investor has different deciding factors from share price, company acquisitions, stage of exploration, development, location, financial support to management.
They're all vital factors, but it's equally important to ferret out which companies enjoy the love of heavy investors and Wall Street. Research is crucial since no investor wants to lose money and junior exploration companies are as high risk, high reward as you can get.
Since each company has its lure, which to bet on? If you've got the little grey cells of Poirot or insight of Jane Marple, you should be able to easily work out the next big break out. If not, "pas de problem, mon ami."
It's obvious the next company to sprint will be Ashburton. The technicals do not lie, nor the volume. The lowest share price makes it the one with the largest and quickest upside. Also important to note, ABR is expecting results from the work completed near Underworld any day now.
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