Yep the froth is off, but the quality resources will do just fine. After Greenbushes there is still a strong need for more spodumene mines. Depending on demand models, anywhere from 3-20+ 2MTPA mines assuming 3-15% EV penetration by 2025. (also allowing that 50% of supply will be met by brines).
BTW CXO results were not exciting imo. True widths are like 25-40m (not 60m) and not exactly super shallow either. Still one to watch, round 2 might light up. I am pretty sure LTR (next door to CXO) announced similar but deep results a few months ago and did not exactly set the world on fire either. So its one example, on the flip side you could say KDR has been flying boom like.
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