The sooner the drilling starts the better. MT surveys show there is lithium just need to confirm with the drill.
LCE 99% price has dropped significantly since November 2022 from 560k CNY per tonne to 262.5k CNY per tonne.
Along with global bank issues has caused a big sell off in lithium stocks. UBS has acquired Credit Suisse & US Feds injecting liquidity.
Worst case lithium sector underperforms for a few years similar to 2018-2020 or it bounces soon if market improves.
Ann: MT survey Implies Sedimentary Basin at Scotty Lithium, page-2
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $11.34M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.5¢ | $9.377K | 74.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20833 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 267 | 1 |
View Market Depth
| Last trade - 14.20pm 19/07/2024 (20 minute delay) ? |
| LLI (ASX) Chart |