ASX Today, page-11228

@Ragshak, that was good find and thank you for that.

Here is the map below I have made from GeoView web site by adding the BHP tenements.

It looks very interesting now.
The question is "what is RIO trying to find there?"

A lots of things were telling me that LTR must be on the negotiation table with BHP, but now I can add the possibility of RIO is trying to sit on the that table!

As you know my theory is there will be major M&A activities and consolidation in lithium developers and miners in Australia and that will spread out to other overseas resources.

I said on my post Post #: 56900682;

"We will most probably see interesting and exciting M&A activity and consolidation in the upstream and downstream lithium supply chain soon.

In my opinion (as I said many times before) LTR will be taken over eventually by a major.

I think that major will be most probably BHP.

I believe BHP will enter in lithium business and will take over many lithium projects, developers and even producers which might include even Albemarle".

Those two majors never prefer to go against each other for a project. There is very little examples of that. However this tie it's different. The whole world is screaming for lithium now and it will get worse very soon. Hertz's 100k EV order to tesla is now reminding the whole world that EV market will grow exponentially and there will be a panic attack for lithium resources very very soon.

BHP and RIO can't ignore the lithium business anymore.
They can't explain their shareholders in the future why they did not secure any lithium resources.
I can't see any way out for those majors to ignore this business anymore.
No way.