Ann: 2017 Half Year Financial Report, page-39

I think what everyone is forgetting is that projections are meaningless, and the new producers are in for some rude awakenings if they think that their initial production costs will follow their projections. All the examples both brine and hardrock, ie ORE, GXY, and even Mt. Marion (did they start when they were supposed to....NOPE, were they more expensive than projected...YUP, do they still have problems....you betcha) The lithium industry is truly opaque, with no real standards to compare against, why? Because it takes time and money to reach the balance of efficiency and production.

This just goes to show how tight quality, and cost-efficient supply will become. And the converters are so desperate they will literally take directly shitty ore....DSO, and even then we hear reports, that they are storing them in inventory and not actually converting it into product....why you ask? Because it's too damn expensive.

So yeah, it will be amazing when these new mines come online, because then the market will wake up to the reality of the lithium industry, the hype will be lifted, and established players like GXY will be fully appreciated. Until then....the ninja and his minions will have credibility, but notice how they don't ever bet on producers, they bet on everything before, and then sell out before they actually produce. Ask yourself why? Dig for info. and freaking DYOR.