I guess one reason for the subdued SP is the long lead time to production. AGM presentation showed DFS going into 2024. Then the time to actually build the mine & plant. Not sure how long that takes? We could be looking at 2025 or later. Although 2025 is the perfect time as that’s when the Li supply shortage really kicks in.
the size was an issue back when I bought some time ago. But with Li prices so much higher their current resource is more than enough for an economical project.
one for the bottom drawer for a while. But I’m a happy long term holder.
cheers,
ned.
ESS Price at posting:
38.0¢ Sentiment: Hold Disclosure: Held
