NILI is up 400% in a year, but market cap is still tiny at $40M. It has no analyst coverage, little cash, no revenue, losses and negative cash flow. Insiders own 2%. The stock has been much higher in the past. It has a Nevada lithium project but it is very early days here. The company is getting a lot of (paid) promotions, and is essentially just riding the lithium wave. It is going to need a lot more capital over time. Drill results do show high mineralization, but a lot more infill drilling is needed. It is not a mine yet!. While we do not have much 'against' it (we would like more insider ownership), it has gotten a bit too much attention for a tiny company. Promotion is not always bad but makes us cautious overall. We would consider it speculative with a capital 'S'.
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