My Q answered on WR1 thread. Spod prices softened in that...

My Q answered on WR1 thread. Spod prices softened in that carbonate price plateau.

But we are now priced at a 3m mc shell.
Sellers disconnect from any speculative value.

At shell levels, they could equally acquire an asset in a different sector, gold preferably.

OM1 have pulled that trigger, going for a reverse takeover of Dixie gold, has 2 proven fertile lithium assets, as well as gold and uranium exposure.

Point is, that shell pricing, sellers are forgoing all the upside, whatever it is. They are capitulating all forward value, in the current sector tide that should turn at some point, or alternate assets that the company could potentially pivot to.

What would you do ? Try to drill into a fertile area we have already identified ? Wait for the cycle to turn ? Acquire another proven fertile asset / this or another sector, along with the CR to fund it. ?

Whatever you do, you need to put the best foot forward, that allows for CR to occur to support it. (apart from just waiting it out for the lithium cycle to turn)