I would not believe too much of Macquarie prediction.
They predicted the MIN to hit $72 in 12 months last year - its now dropped to $42.89
i cannot see MIN hitting $72 anytime in the near future because Iron Ore is $1.7b off total revenue and lithium was only like $500m.
Iron ore price just dropped really bad today - as such bhp and rio stocks are down like 5% and 7%
Until MIN can reverse the figures around Li $1.7b and io $500m - i cannot see Macquarie forecast to be accurate anytime soon.
I have not seen Maxquarie calcualation for AKE to end up with $17 per share.
are they accounting lithium at the highest spot price or medium or conservative.
I prefer conservative as its a lithium price that AKE can achieve even during recession.
Has anyone done some calculation on what the lowest sp AKE can drop before its crazy too low and investors will jump back.
Is the market predicting a less than forecasted result?
AKE may got higher price for their lithium but exported less due to labour shortages.
i still hope its a positive result as AKE results will be used as a mirror for the lithium sector in oz.
