“Lithium value powering along and every time it does so, the value of our resource magnifies greatly”, nicely said avagadro. Spot on and I am in no doubt there will be yet another massive upward lithium sector increase in the price of stocks once the 2018 negotiated lithium concentrate off-take prices are released to the market in early December (see GXY release Dec 2016) or sooner by some other parties.
Not long now before the industry Li2O (6%) concentrate prices are negotiated and released to the market for the 2018 shipments by some. I anticipate another +25% increase from ~Au$1,180/t (US$905) to +Au$1,470/t will be forthcoming based on lithium demand and sentiment in the sector, resulting in further across board Lithium sector gains. A No brainer.
Looking forward to the AGM, commencement of drilling and above sector announcements. All good here, go you good thing. Enjoy another/next ride up new and old AVZ shareholders. Bye …
Notes:
Galaxy-China Inc negotiated lithium concentrate off-take prices for a minimum specification of 5.5% Li2O:
2016 US$650/t
2017 US$830/t (~27% price increase, plus customers to pay an additional US$15/t for every 0.1% improvement in grade of Li2O delivered)
2018 ~US$1,040/t (+25% price increase) or ~AU$1,350/t
…………………………………………………………………………………………………… You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.
~ Warren Buffett
AVZ Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
