It reminds me of a similar scenario with Lithium post 2017 where lithium price were suppressed due to oversupply and mines went into care and maintenance and investment pulled. Pilbara Minerals stuck to their guns trying to time their run around another lithium shortfall that was predicted. Due to the capital intensive nature of RE mines, I feel the same scenario is playing out. Investment will be pulled setting up a bigger boom for the extablished mines or those that are just about to come online. It's going to take big kahunas, but if Hastings can stick to their guns and get finance and time it right, they could be another PLS in growth terms.
Ann: FY23 Corporate Presentation - Year in Review, page-6
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