Spodumene Prices, page-599

You know, you hang around this investment business long enough
and sure enough you get to see everything. How many times have you
said about one of your investments that the spring is being wound tighter
and tighter. And yet, that spring ultimately unwinds without much fanfare or
at least less than we expected.

One side of our current spring is our share price decline and the other side of
the spring is the steady increase of lithium prices. That is such an interesting
dynamic because if anything it is accelerating. The lithium miners continue to show
great resolve and patience in not already beginning to reopen shuttered facilities.

What makes this even more interesting is we haven't as yet entered really bad under
supply phase. We can see this approaching because we are immersed in this sector
every day. Us and the BEOT crowd. How they hunger for our shares. This kind of reminds
how each Christmas there is that one toy that everyone goes crazy trying to buy. That kind
of craziness is heading our way.