There are all these lithium ore deposits being developed and even at their lower grades will make outrageous fortune at current prices. As supply comes online, then prices will have to drop. Remember, it's been $5K/tonne in last year or more, but was $0.5K back in 2020. And if the direct extraction brine operations work, in very quick time we could see massive supply come online from Sth America. So if i'm right, which I hope I'm not cause it means decarbonizing is slowing, then $4.50 share price looks heavily overpriced.
Ann: FY23 Full-year results presentation, page-319
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$3.00 |
Change
-0.080(2.60%) |
Mkt cap ! $9.032B | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.05 | $2.97 | $55.47M | 18.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 980 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 39640 | 5 |
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