Yes an offtake is the derisking event that would move price here significantly - and maybe it does range trade until that happens.
Sure CBMM can react within their operational capacity, but that is still a finite amount right. My understanding is all their efforts and expansion studies are more around meeting battery demand (different end product) and barite expansion.
So if Ferro market grows there will be a gap. Also CBMM were running at capacity with their battery output so maybe WA1 can address this market.
But the question also doesn't have to be CBMM - can WA1 push Niobec or CMOC out who have much lower grade deposits?
Critical mineral pushes from non BRICs countries should be a tailwind though in finding an offtake partner/funder etc.
WA1 Price at posting:
$13.55 Sentiment: None Disclosure: Held
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