I think the perfect storm is brewing for Altura as a friend told me, there are so many factors in favor for Pilbara spod. We have lithium Hydroxide not Carbonate which is a huge advantage . We are at 6%. The mine is performing well with nil accident reports. We are close to Port Headland for low cost haulage. Our shipping routes are shorter. The dollar is going down and will continue with lower interest rates around the corner. We are still making a good profit margin at low prices. Battery gigafactories are a real thing and the exponential rise in demand at some point when these factories come online will be huge. Altura now has a clear run to do business with off take partners, aim for the top and work your way down. We have a dependable product with room for expansion. The London metal exchange is working on a bench mark price for lithium. Last but not least the world needs polluting gas guzzlers off the roads, our cities have very unhealthy air to breath and its a cheap way for the government to lower Australia emissions.
AJM Price at posting:
13.8¢ Sentiment: Buy Disclosure: Held
