Opinions
Rick Rule
Western Lithium Canada Corp.
WLC-X
COMMENT
Sep 01, 2009
Lithium market is horribly overblown and will get more so. Long-term demand looks strong because of batteries but long-term supply is equally strong. If you are willing to speculate without worrying about fundamentals, the lithium story probably has a long ways to go.
$1.000
Stock price when the opinion was issued
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Most lithium stories in Canada are far and few between. Western Lithium (WLC-X) and Canada Lithium (CLQ-X) are pure plays. Both are higher risk exploration stories that still need to be funded. Lithium has a very rosy outlook, whether for car batteries, electronic devices, etc. He is positive on lithium. Worth a small amount of your portfolio.
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