The low price has already been priced in the market. What we are looking for are the updated forecast.
Will this current low prices dampen appetite for exploration companies? Will developers get a capital boost with attractive market caps as a result, based on forecasted demand comes production? Lots of funds are in cash positions, so will there be better opportunities elsewhere (like tech) in the next 12months or will the ramp up of US lithium battery factories mean supply deficit will increase in 2025, as production capacity decrease today, creating a unique opportunity for Saskatchewan lithium mining that is willing and able to quickly ramp up construction to production?
There are a lot of lithium stocks out there now promising huge returns. What I like about AZL's Prairie project is not whether they will make the biggest profits, but that they can ramp up to production and earning something, anything, the quickest because capex is the cheapest, by far, so far that I can see in the lithium brine market.
The prices of lithium today is doesn't so much impact explorers and developers commercial viability today, but indirectly impacts the company's commercial viability tomorrow.
What I know and what I've been doing the last few weeks is visiting the burgeoning battery plants across the US. There are a lot and they are all going to demand raw materials... what we are looking for are timeframes. That demand needs to be supplied by someone, but developing mines are a lot more prone to delays than factory construction (which are also prone to delays). Cheers
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The low price has already been priced in the market. What we are...
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.63M |
Open | High | Low | Value | Volume |
1.4¢ | 1.5¢ | 1.4¢ | $17.39K | 1.232M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 7544693 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 3640267 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 7194693 | 0.014 |
26 | 9661131 | 0.013 |
14 | 5071617 | 0.012 |
9 | 5436000 | 0.011 |
15 | 5501000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 2470274 | 11 |
0.016 | 9432322 | 16 |
0.017 | 5366909 | 19 |
0.018 | 3642683 | 17 |
0.019 | 3907068 | 12 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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