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02:45
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Originally posted by eshmun
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Yes. Sorry I missed it as the label was to far west so I just dismissed it as another deposit. Given the deposit has been studied since the 1950s no surprises that it is in on the USGS map, in fact they would have been neglectful not to include it. The point of the map is to show there are many known deposits and probably many more that are sitting in core sheds and old data bases around the world. If you want to ignore demand and supply when investing of course you a free to do that but this deposit is a prime example of how quickly supply can potentially be filled. How many more of these monster deposits need to surface before the industry starts get competitive to the point of effecting pricing. According to many of the Li bulls demand and supply don't come into the equation. The growth in lithium usage according to the bulls is growing "exponentially" but you can't sensibly calculate such growth without a measurable growth rate and period over which to apply that rate. People just pull numbers out of the ether, in order to keep the speculative show rolling on.
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Can you please elaborate on Monster deposits? As it stands right now there is only AVZ. EMH may have a large deposit but at 0.45% it will remain uneconomical to mine. Everything else we've been seeing on the comparison bubble charts do not even come close to AVZs deposit.
