“Somewhat controversially, I would say the big guys have just got fat on the old economy – the iron ore and the coal industry – and now they’ve got to fundamentally change, and it’s not easy to do.
“A lot more capital needs to be deployed, and it can’t all be done by the junior and the mid-tier companies like Pilbara Minerals, or even Patriot.
“What you need is the big balance sheets of the global majors to be deployed in the direction of critical minerals, otherwise we just won’t get enough capital deployed.”
This is telling me that the likes of BHP and Rio, will be going on a feeding frenzy (probably already in motion) of acquisitions.
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