The 1m order should move to $2.60 which is Canaccord 12 month price target. LKE has already reached Canaccord price target yesterday.
I've noticed only recently JP emphasized, "I would like to say that this is the last available project that is 100 per cent on its own that can develop a production profile with security and a low risk in development."
It sounds he either got approached by someone or might be happy to do a deal?
Anyway, bidding war on Millennial Lithium is definitely showing more merge and acquisition activities to come. Lithium carbonate price is slowly climbing, likely to stay well above US$25k per ton.
China October electric car sales will be released soon, likely another record month, imo.
Many lithium developers with inferior resources, have entered a billion dollar MC club. It's interesting time ahead for us as we have two proved Argentina projects plus one WA Greenbushes South exploration JV project.
All imo.
Enjoy weekend all.
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