After listing on the ASX only a couple of months ago Executive Director Andrew Dornan, says James Bay Minerals has made what looks to be a very promising discovery of spodumene at its property in James Bay, Canada. Andrew and his team came out of Pilbara Minerals, they know the industry very well and know what they're looking for in terms of outcropping pegmatites. The results of what they’ve found at their Aero property are extremely promising and the company is now lining up permits to drill. Andrew also has some very interesting comments on the macro state of the lithium industry, why the spodumene price is where it's at, the M&A machinations in the Pilbara and why the M&A spotlight in this industry is about the swing to James Bay. ---- Produced by Resource Media ---- The Hole Truth is a product of Read Corporate. Please note that Read Corporate does not provide investment advice and investors should seek personalised advice before making any investment decisions.