I think it's a question of scale. Retail puts in a lot of dollars collectively, but doesn't risk the house (generally - I appreciate some of you here may well have). For a miner to invest at a meaningful scale, they'd be committing a serious chunk of funds - and as relatively risk averse operations, would need a strong business case to convince their BoD's they were going to get long term returns on that $$$$$$.
FMG are, because of their DNA, probably more likely to be the first miner to take a position, but I think (and it's only my opinion) that is probably another 3-5 years away, when there is clarity on the trajectory of the market for Australian hard rock Lithium, and on EV penetration versus forecasts.
We're invested in $PLS because we want to believe this is a winner. In Australia, Big Business needs to be a lot less speculative than us (and that in turn is why we are seeing Chinese investment - they are playing the long game, and have the funds to be a lot more speculative. And manipulative. I hold $BAL, and have watched them maneuver into a position where they've just got themselves into a buyout that is probably 50% of the price the company is worth in the long run - and I am very fearful they could do the same with any of the Li plays I hold...)
DYOR - GLTAH
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