SDV 10-year offtake discussions, page-210

In the Red corner we have shorts hovering at 10% and in the Green corner we have the Bulls coiled to the max. The market is priced down the middle at 3.5o. Let the fun and games begin. Meanwhile the longs have ordered another beer and settled for the action. Will it be Panasonic or will it be BMW. Maybe it will be both. Maybe it is already but in the opaque lithium business it’s best not to reveal your customers and price unless you need PR and access to funds. Galaxy doesn’t need either. Don’t see SQM or ALB touting customers and contract prices. That’s how top tier producers in this industry operate. That’s not to say I don’t want to know and how LPD fits into the puzzle. Bring on 2018!