Lithium Prices up 20% this week. Sector is heating up., page-11

Thanks mate. I did afterwards have a quick look at both companies' recent reports and noted that both made losses over last year when all company operating costs were taken into account. I presume our management will only make the FID if and when the spod price reaches a certain level to guarantee profitable operation - well, in their shoes that's what I'd do anyway. I'm feeling it could take some time to reach that point simply because, whilst most car manufacturers are preparing to tool up for EVs it'll take a while for demand for them and thus lithium demand to reach the point where demand outstrips supply sufficiently to drive the spod price past the critical point. Taking into account the rise since November, if that percentage increase were to continue for another quarter it should allow for FID in H2 I imagine. But I also wonder if it might slow a little for the next few months. Either way you'd reckon by 2022 it should get there.