Several points to answer there. First, if look at the sector as...

Several points to answer there. First, if look at the sector as a whole, the vast majority of stocks are down similar percentages to WR1. Picking out one or two exceptions that are most likely being valued on M and A speculation means little. Second, the stock you mentioned, LRS, is a lot closer to development than WR1. Third, for sound reason or otherwise, Australian investors are very tentative about Canadian stocks at this stage, which basically ties in with your theory of the past six months. If lithium pricing had remained at about what it was in the middle of 2023 I don't think there's much doubt we'd be on a MC of about double where we are now.