Based on US Geological Survey. The earth contains a 365 year...

Based on US Geological Survey.
The earth contains a 365 year supply of lithium at the current rate of production (roughly 37,000 tons a year), according to the US Geological Survey.
The thing we need to know about lithium – and I’m far from a subject matter expert at this stage in the game – is that it’s rare (making up 0.00007 of the earth’s crust) but it’s not terribly rare. Which is a good thing – it’s why the EV car industry should standardize on lithium ion batteries in the first place. There’s no reason to attempt a ramp-up to 20 million cars that require a material you can’t get.
But just because there is enough, that doesn’t mean it’s free. The bottleneck in lithium is that the demand is sudden and explosive. There isn’t enough capacity to meet that demand absent continued price increases and investment.
Let’s see the drill results and hopefully this is great for CAD who hopefully, me thinking will control a great deal of the supply and wherewithal to mine it, refine it and sell it.