IMO, next quarterly 48kt at $20 million cost ($13 mil profit) would likely see things above 20c. Resolution of JRO issue, refinancing debt etc would all help. However, the biggest increase back to 50c and over will be when carbonate prices start rising. Rising carbonate prices = rising SC6 prices = big profits and probably even more importantly, positive sentiment. So keeping an eye on the spot/contract prices is useful. All of this depends entirely on EV sales growth remaining strong so it can strain the supply side. A few delays here and there (pretty common), lack of capital for new projects because of bad sentiment currently all help slow supply growth.
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Mkt cap ! $18.53M |
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