The question is where do we go form here. That's about the lithium price which tends to get supercharged (no pun intended) by take up (mandated in particular) of EV's. I think there's still room for IGO to rise form P/E expansion to meet the say 18X EV/EBITDA but that depends on how the expansion of Greenbushes and opening up of successive spodumene processing plants go. Ni is having a run and probably has some legs too.
It's noted Musk has done a deal with BHP for Ni but details are supressed for now.
All IMVHO.
IGO Price at posting:
$8.85 Sentiment: Buy Disclosure: Held
