there are worse places to put your money, however Kangaroo Hills shrunk today hence the price action. It needs to show thicker mineralisation, greenfield in the north, or deeper below Big Red. Nevada is a slow burn. INR and LAC have been at the claystones for years and years. Ioneer is funded but will cost over a billion US to build with a IRR of 20%. Currently valued under $400M AUD.
Everyone is undervalued right now cus the markets confuse lithium price movement with the lithium price level. It is currently bottoming at 4x the 2020 low and 2x the 2019 low - boom prices, but people talk about a bust.
FBM Price at posting:
9.3¢ Sentiment: None Disclosure: Not Held
