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Frestootnik

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26/06/20

13:48

Post #: 45472235
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Originally posted by wingedwarrior: ↑

No wish to take the primary focus away from the spectacular performance by DEG in its gold search, but then have't we also got some secondary interests in the WA lithium sector which is going to boom over the next 2 years also? Haven't heard much about this second string to DEG's bow yet.

Lithium demand predicted to almost triple leaving Western Australia well-positioned as global supplier

Australia has 30 per cent of the world's lithium resourcesLithium prices are predicted to rise after 2021In 2019, Australia produced 55 per cent of the world's lithium.

The lithium market is expected to triple in the next five years as the world embraces electric vehicles (EVs), according to Pilbara Minerals.Key points:Australia has 30 per cent of the world's lithium resourcesLithium prices are predicted to rise after 2021In 2019, Australia produced 55 per cent of the world's lithiumAustralia is the largest lithium producer in the world, with many of the significant deposits located in Western Australia.

https://www.abc.net.au/news/2020-06...jbupoqKUatcPl5Z9HznUmGa-hx2Ocu2Tdeavasizm-mR0

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Unless we happen on the mother load of the sweetest low iron & mica spod suitable for hydroxide production I reckon DEG should sell their Li rights... It's a really tough market - plenty of supply coming back online near term that's been mothballed.

With a sulphide rich shearzone I'd rate a shot at Nickel, that sector's heating up.

DEG Price at posting: 92.5¢ Sentiment: Buy Disclosure: Held
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$1 Party, page-38

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