Latest update from Fast Markets. price keeps going up. Economics 101 . When demand exceeds supply, price goes up
We have a structural deficit of battery quality lithium even if all the new mines come online. Jo Lowry has a high point of $9(but he has also said what's stopping it going higher???). We are now at $77.
Pretty certain JP is trying to fast track HMW to production to take advantage of these high prices.
Resource upgrade coming soon, then DFS, then offtake and funding, then permits & FID in early 2023. Get the ponds built and well fields pumping for the peak evap season Oct - March ( Summer in Arg) where solar radiation is most intense , aiming for first production in 2024.
Highly doubt we'll be under $3 this time next year. IMO.
General Discussion Banter GLN, page-8845
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