Dear Reader, There seems to be no stopping the lithium boom — and some stocks are making a killing. Take Pilbara Minerals [ASX:PLS]. At a time when the wider market has been flat, the lithium miner added $8.63 billion to its market cap in just three months. With the lithium shortage predicted to last until the 2030s, it seems likely that lithium stocks will still trend upwards. But unlike the previous boom, you can’t just invest blindly in any lithium stock and see results. This time, only a select few miners will continue to rise. See, lithium mining is risky and highly speculative. Firms can operate for years without revenue, only to find that their mine doesn’t have enough lithium ore to be profitable. Others simply don’t have the expertise or capital to mine lithium properly. All the reasons why I believe one mining stock stands out. It currently owns a mine sitting beside one of the largest lithium deposits in Australia. What’s more, it’s run by a family of resource mining veterans who previously cashed out of a $650 million deal and is using those funds to back up the company. In other words, this stock has a proven lithium source, with the expertise and financial muscle to extract it. What’s the price tag to invest? Surprisingly, only around 40 cents a share. But I believe it won’t be that low for long. Once this firm starts churning out lithium, investors will surely take notice. I urge you to look into this opportunity ASAP. You can read it in my video briefing, here. Sincerely, Callum Newman, Editor, Australian Small-Cap Investigator |