The fundamentals have changed since the run to 4.8. That run was triggered by an OHD announcement on 15 Feb regarding cerial crop trials.
Since then the coy has confirmed the presence of Spod. at Morabisi.
That is a significant change in fundamentals IMO, however, what the market wants to know though is the grade and quantity of the spod.
I think once this is quantified there will be less risk for those who interested in the Li sector and we'll see an SP rally.
All IMO, don't hunt me down if I'm wrong......
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