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clock Created with Sketch. 05/07/23
11:17
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Originally posted by the technician:
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Remember they are all hardcore fanboys so they're biased mainly because they are invested to the hilt with HR miners but also the customers they represent are mainly HR also so it's in their best interests more than most to talk up prices because if prices went to $19k or god forbid below that a lot of their HR darlings might start getting squeezed the numbers don't lie . This why I like PLS CXO and SYA , SYA and PLS especially and not LTR because companies like INR & ASN once their producing and in full flight in the $3000-$3500 cost curve will show HR to be a "folly" . It's hard for peeps to see that now because without cash it won't happen but once that is achieved and momentum kicks in out comes the sword and they will slay the HR dragons . My view is balanced IMHO I hold PLS SYA CXO but also INR & ASN so I see value in both sides at different times . Eventually I will shift away from HR it is inevitable the ROI will eventually reduce . I think it really look at the PLL DFS and ongoing C1 costs of their SYA fed plant you will understand what I'm talking about also the SYA NAL carbonate plant DFS is also another great example of the total cost curve of mining to processing to final product supply chain , they can only dream of $3000-$3500 .
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but you need hydroxide for turnery batteries like NCM 811, so I'm confused why your saying long term HR will suffer from the rise of DLE. unless your basing that on LFP taking majority market share from turnery batteries? or are you saying that there it will eventually be more cost effective to convert DLE Carbonate into hydroxide then to dig Spodumene and turn into hydroxide?
