LRS chart, page-7115

Some of the sudden falls in the past 2 weeks have been investors suddenly realising their projects are no longer feasible at current prices (GL1) or that a key component of the investment thesis like being able to mine and sell DSO (DLI) is no longer economic.

PLS is going to come under huge attack when it's quarterly comes out (a $10.4bn mkt cap is going to be hard to sustain when you're making such relatively small profits for every tonne sold).

All of these narratives need to run their course before a bottom is found. At the very earliest this could be end of February (but I am starting to think that this timeframe may be wishful thinking and it might be more a cash of April / May before a bottom is found.

P.S. reference to the 'bottom' of the market also depends whether we are talking bottom of carb price/spod price/lithium equiities/negative sentiment etc

@10X Hunter