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0.00% $5.28 galaxy resources limited

Exactly! So it tells us that prices will rise. The “low” price...

  1. GCar
    14,162 Posts.
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    06/10/19
    12:34
    Post #: 40745687
    Exactly!
    So it tells us that prices will rise. The “low” price of $9k/t is not sustainable.
    Unless the unicorns let us into the dragon’s cave where the cheap Li stockpiles are?!


    We all know by now that the price of LCE even doubling has a minimal effect on the total cost of an EV (only hundreds of $) so there is plenty of room to move to higher product prices to enable new supply to come online (that is currently borderline or sub-economic).
    GXY Price at posting: 94.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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