Straddo, the write down of WSA is not a physical blur just a paper one. Your house may have be been worth $1m, 2 years ago and 6 months ago worth $3m and now with increase in interest now $1.2m. It’s a cycle of values that’s all. It was an excuse by whales, to sell it down,not a reason. If you believe in electrification, then you take a long term outlook. The whole wind/solar thing, has had a little pause and obvious supply/demand & manipulation of lithium prices due to new Li brownfield discoveries has had a dampening effect. Having an oversupply of raw unprocessed lithium (spodumene) has put a psychological toll on the price and with that, has had a negative effect on nickel, cobalt, copper and other battery minerals. IGO is a downstream value added company, or soon will be. As well there is now becoming a big demand for replacement batteries in older electric cars and the big battery farms getting set up are going to need massive am CT ount of these minerals.BHP and others setting up multiples of them including a 27 megawatt and 10 megawatt solar farms and battery farms for Mt Keith and Leinster Nickel mines. ASK YOUR SELF WHY? These are just two of the thousands to be built. Can you imagine that demand when these all kick in ? It’s just not EV’s. The closer we get to zero carbon the bigger this industry is going to get. All of these massive solar farms and wind turbines need their power stored somewhere and that somewhere is a lithium ion battery farm. It’s a swell now but a massive tidal wave of demand is coming. Every man and his done has a pegmatite lithium prospect. But no value processing, that’s why the Chinese gave a strangle hold on prices. Ask yourself why all the big players are getting into lithium and critical minerals. Do you think Gina Rinehart, Rio Tinto, BHP are now entering the fray for fun or $$? IGOare, I agree competing with others on price atm, but once the value add of lithium to battery grade, it’s a whole new ball game. An uncut 10 carat D flawless diamond is worth $US8,000 per carat ($US80,000) in Antwerp. After cutting you lose 40-50% but as a 5 carat cut and set it’s worth $US50,000 per carat ($US250,000). The money is in the value add and IGO are streets ahead. Slowly slowly catch the monkey. The big whales are just playing us off
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