Morgan Stanley beat Macquarie, page-12

Lol haven't seen the full report but this one page looks like enough.

Things to think about:

1.How the f* is any new project going to get funded with spod prices <$500? That takes out a big chunk of their new supply forecast.
2. 578kt of LCE demand by 2025 equates to about only 4-5% of new EV penetration from where we are now or a max of about 6-7% penetration total. If the EV revolution has stalled that badly/hasn't gotten off the ground then again who is going to be funding juniors when there is no longer any fear or impetus behind supply issues?
3. How are Chilean brines ala SQM going to produce any new supply (existing supply isn't that relevant) for cash costs of anywhere close to $2,500? Based on a Carbonate price of $8,000 (about 45% below the $14k some of the brines are starting to realise) their lease payments alone to Corfo would be $1,600. Bump that up just to $9,000 a tonne and lease payments become $1,850. No chance.

I will back Simon Moores 1% chance of this happening in all day. If holders want to sell cheap shares over the next week or two though I might have to channel my inner Resolute and start 'scooping'