Keep in mind we are continually told this is a 'newly discovered...

Keep in mind we are continually told this is a 'newly discovered industry' with nothing but blue sky ahead:
but we all know that existing suppliers have been operating for at least a decade and are presently increasing production to benefit from future demand and prevent greater competition (aka iron ore & RIO/BHP).

Meanwhile, the new boys on the block are offering all kinds of exceptional opportunities even before exploring their tenements or proving their extraction and production processes (ie. sell the idea and work out the details later).

Every carpetbagger has a greater resource than the others and we opportunists have been willing to jump on board.
After the initial surge you run out of believers and the price tends to stall and even fall.
It's a bit like pyramid selling or some franchise deals - buyer beware.

Then you have major customers stockpiling materials to counter escalating prices in the short term.

All of a sudden the blood rush to the brain ceases and every opportunist is looking for a way out.

Unfortunately, junior soon to be producers (Aka AJM) are caught up in this downturn.
However, if companies achieve their production and budget goals as per AJM there can be a second wind.
Maybe not a tempest as we all hope for at times: but surely a long term return to reward patience.

In other word; tie down the hatches and hang on - its going to be a hell of a ride!

GLTAH
Mud in your eye