Could well do, the ASX don't care for those with averages near IPO sp hehehehe, get a speeding ticket up, but not down
I am not convinced yet with the rises across the Li board, need to see LCE prices lift more, but we are riding on more than just that commodity, but hopefully it's not just a little short squeeze at play, but they shall definitely recover over the mid to longer term.
A range of 20,000-30,000 USD for LCE and 1,500-2,000 USD for SC6 will do for now, there's no reason why a good mining project would need anymore than that, other then greed.
Either way location, location, location is the advantage here though, REE projects in SA aren't in the middle of nowhere and Li Cadillac project in Quebec is not in the middle of nowhere either, can't say that for all of them in Canada. PMT, WR1, LLI, OM1, C1X all have projects north of 14 hours drive away from Val d'Or, they really need to build some stuff up there to support all the potential future mining activities, just hope we get some good stuff at Cadillac that's not too deep, the ground looks promising though.
OLY Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
