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Gold/Mining/Energy : Lithium
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To: teevee who wrote (247)8/12/2009 9:08:10 PM
From: Sailing22 Recommendations  Read Replies (1) of 1146
 
With the possible exception of CLQ I'm not buying any of these Li juniors because I think they'll be a mine someday. I'm buying them for the "story" and because I think it's still reasonably early in the Li story.

I find it instructive to look back over the past five years at how many uranium or oilsands moose pastures soared to unbelievable heights during the uranium and oilsands "mania" phases. A lot of money was made in juniors that were nothing but promos (as long as you bailed somewhere near the top). There's no way to be sure a "mania" will happen in Li but it could.

Just to be clear the majority of my portfolio is made up of PM, BM or energy stocks that are either already producing or have a real chance of doing so based on fundamentals. So I respect your solid approach to investing. I'm just using a small portion of my funds to speculate on lithium being one of the next "manias." Time will tell.
LOL
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