1. Macro Sentiment: Down, looking bearish with Q1 (July,Aug,Sep)...

1. Macro Sentiment: Down, looking bearish with Q1 (July,Aug,Sep) reporting session & new conflict in ME

2. Sector Sentiment: Lithium Carbonate price is 52 Weeks Low and looks like trending below, price discovery phase, price reached the same level September 2021.

3. Equity Sentiment: GSM.asx Waiting for results by 31 October 2023

My View:

I see 3 scenario by 31 October 2023

Scenario 1 - Low/ No Lithium
50% down to 2 cents, Market Cap = $ 3.5 Million

Scenario 2 - Medium Grade Lithium similar to WC8
8-9x up to 32-40 cents, Market Cap = $64 Million

Scenario 3 - High Grade similar to AZS
20x up to 80 cents, Market Cap = $$150 Million

*** For Base Reference Purpose ONLY ***
Market Cap of AZS = $1.10 Billion
Market Cap of WC8 = $475 Million