If lithium stays low in price I think you're right. Unless they get a very good deal from a strategic I think they should cut their losses on Renard, mothball Adina and open exploration at Sirmac-Clapier. If they find a good caesium deposit there they could be in clover, and alternatively if there's a good lithium deposit at least its not so far from civilisation. Sure, the SP would take a serious hit to start with if they took that course but it'll take a big hit anyway with a dud strategic deal or else no deal and continued C & M expenses and periodic payments for the plant in a continuing low price environment.
WR1 Price at posting:
25.0¢ Sentiment: None Disclosure: Held
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