Lots of enthusiasm here, but feels like its starting to border...

Lots of enthusiasm here, but feels like its starting to border on exuberance. You talked about valuing the company at a PE of 20. ALB currently trades at a PE of 5.5 despite consistently growing lithium volumes 20% year over year. If ALB buys at $3 it will be one of its least profitable lithium operations already, other operations can bank profit in the $12/kg range.

I do concede that it is natural for mining assets to be worth more over time as the global lithium marginal cost curve increases, and I personally believe that the majors are undervalued at this point. I do wish you all good luck, but if I were up 1000% I might take a little off the table.

*Disclosure: I hold several 1000 shares of ALB and no LTR. I also own IGO and MIN instead of LTR, and yes I am kicking myself a little for that choice.