Exactly the lithium price is unduly low at the moment and there are literally only a couple of projects world wide that have a low enough AISC to make money at present and those that are profitable, it is marginal at best.
‘There is a reason the market doesn’t value this project’, no incorrect, the market isn’t valuing any lithium companies at present (have you looked at share prices for all lithium companies pls, liontown, Winsome,Galan the list goes on…they are all being discounted to the max as the market doesn’t believe they can turn a profit based on today’s lithium prices and the market is correct in the short term. To say the market doesn’t specifically value this project would have to be one of the most idiotic comments I have read, I would agree with you if all lithium companies share prices were significantly up and Winsome was down but that is clearly not the case.
You must have rose tinted glasses on because last time I checked Galan’s share price (a company you are invested in) went from $2 down to 10 cents and you have been diluted to the hill compliments of JP to end up with a measly 4kt per annum project that won’t make any money either at these lithium prices but I guess Galan is different and the market clearly values that project more than Winsome. Yes Winsome is also down significantly but to say it’s because the market doesn’t value this specific project is idiotic, it is to do with the unsustainable lithium price and nothing more. Cheers, CP
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