Last year, I bought ISX under 20c, was very frustrated, its share price recently hit $1.76, now everyone is more positive than a year before.
FMG @$1.70/share, most would think iron ore sector was doomed, but have a look now...
Lithium sector is totally depending on EV mass adoption, two years ago, EV revolution was not that clearer, but now certainly is. Currently known production and planned production are sufficient for around 10m - 15m annual EVs which are expected to reach around 2025, afterwards, lithium demand will accelerate, but not easy to meet the demand, that's where Manono deposit will be well sought after. 2023-2025 are not far, if someone wanna secure future supply, have to do few years ahead.
I've never seen end users (large automakers like VW) are so actively pursuing battery supply contracts. Tesla even is talking directly involving in mining battery materials.
As road upgrade is completed, DFS further confirming economical viability, the massive discount should be narrowing down, as other DRC mining companies on other sectors are not being priced at a heavy discount.
All imo.
Have a good weekend.
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