I'll listen to any reasonable argument against. Great, you have...

I'll listen to any reasonable argument against. Great, you have your reasons for believing we will never see $3 again, which are not exactly stated.

"I’m happy to go on the record and say I don’t think this will ever trade near $3/sh ever again"

You have a very pessimistic view of the future of lithium obviously, I have the opposite view, why? Because as a new disruptive technology the whole EV / renewable energy market is still in its infancy. Yes, the lithium market got a bit ahead of itself because of unknown unknowns, Chinese lepidolite, African mines .......Just ask BMI, they were still spruiking the "where's all the lithium going to come from" line while the Chinese were switching to their own subsidised low-grade lithium as well as African low grade, possibly uneconomical crap.

When this disruption really gathers pace, I believe the LTR share price will accelerate through $3 easily. That may be in twelve to eighteen months, as we reach nameplate production, or it may be longer, but I doubt it will be never. Never is a very strange assumption to make from anyone who understands anything about the lithium, EV, battery storage, ESG, companies with excellent management and world markets to make IMO.