Ganfeng is in a very good position, but their current gross margin is around 24%, not 100%.
their current PE is around 117, forecast PE 2020: 75, PE 2021: 48.
Recent huge share price lift in Chinese lithium stocks is due to funds investing in them on rising outlook for the new energy vehicle sector, imo.
Australian lithium stocks are usually 2 - 3 months behind, should start to wake up now, imo.
Good News & Bad News, page-3857
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