I wouldn't trust anyone spruiking lithium at double the price. Sounds like the horshite Benchmark peddle. Remember it's the explorer - developers who are their paying customers. They spruik on behalf of them IMO. It's proven about as useful as a paid for brokers report on a sub $10 mill company in terms of accuracy over the last few years. There is MASSIVE lithium supply on tap to ensure it never happens. IMHO the LT price will never be above $700. There may be a ST squeeze or two including when current producers reach capacity later next year.
WES can essentially self fund a 4MTPA operation whenever they feel like it. And they will when the time is right. They have to get value from the price they paid. PLS, AJM, GXY all will expand. Our deposit appears good on opex and capex numbers so at $700 it is making good money indeed. It'll be a few years off yet though and may require a hydroxide plant investment that is set up for the fine grind.
Thank F we came across this gold deal and the Dr who had the nous and skills to develop it.
MLL Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
