Much to the delight of its shareholders, the Kidman Resources Ltd (ASX: KDR) share price has gone gangbusters today.
At the time of writing the lithium miner's shares are up a massive 20% to 58.5 cents.
What happened?
Kidman Resources is currently in court to defend ownership of its lithium rights at its Mt Holland project.
The trial will deal with the issue of whether an agreement existed between Kidman and junior mineral exploration company Marindi Metals Ltd (ASX: MZN).
Kidman has stated that it will vigorously defend contractual claims brought by Marindi Metals, believing that the latter's action is opportunistic.
Judging by the share price action today, it appears as though the market expects Kidman to come out on top.
Its shares are up 20% and Marindi Metals' shares are down 20% at the time of writing.
Should you invest?
As I said earlier today, I think Kidman Resources could be a great option in the resources sector if demand for lithium remains strong over the next few years.
Its Earl Grey lithium deposit on Western Australia's Forrestania Greenstone Belt is a world-class asset and one which could provide it with bumper profit growth over the next few years.
While my first pick in the industry remains Galaxy Resources Limited (ASX: GXY), Kidman wouldn't be far behind it.
