Only if you sell.This shows great potential, especially for when...

Only if you sell.

This shows great potential, especially for when our resource upgrade drilling at Finniss is put on hold for the wet season, and we await the recovery of lithium prices. We can actually drill most of the year round up there, it’s mostly accessible.

But the market is never going to get excited by rock chip announcements, and anyone who thinks they might have done, hasn’t much experience of spec mining stocks.

Lithium sector wide I’m seeing some very encouraging signs. I expect the lithium price to start rising sooner and sharper than expected, and management revising their production plans accordingly.

Although our spodumene is more valuable to us sitting in the underground bank at the moment, we don’t want to be the last cab off the rank. Companies are announcing large reserve increases larger than our whole JORC’d numbers, so as was correctly in my view mentioned in another post, the market perception is we’re very much still small fry in the lithium game.

We’ll probably need 20-30MT+ to be taken seriously by the market and get a re-rate. Particularly with our fickle register.