It couldn't even hit 40c with all the recent hype. Now lithium prices are tanking and GS predict it to get even worse. Also you need to factor in the extra dilution of over a billion shares in the recent CR will make it even harder to hit 40c. You will have to wait for the next boom in 2-3 years to START, and then possibly make a new high 1-2 years into that boom. In the meantime we're going down to the 5-7c range in the next few months. Maybe with December ASX200 removal. Sorry for the harsh reality check!
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