Everyone is entitled to their opinions and use their own head....

Everyone is entitled to their opinions and use their own head.
China want to dominate the auto industry. The existing auto makers and foreign governments will not allow it..
Tesla extension plan was explained months ago. The reasons are,
Only locally made EVs using chinese made batteries can get subsidies. The other reason is not to give the chinese the knowledge to build quality batteries.
The top tier batteries, the export qualities are Tesla, Samsung, panasonic and LG. Their cost of manufacturing is between $100-120/KWH.
CATL is around $150/KWH. And lower quality. The Chinese makers are currently behind in quality and cost. The existing auto makers are following Tesla, not the other way around.
Global storage demand in 2024 will require battery grade LCE, equivalent to around 1mil tons of spodumene. Thats all Australian hard rock mines combined at full capacity. No Australian mines are at full capacity.
Each additional 25kt of battery grade LCE adds around 35000 cars. The world EVs are more than 2mil units. Do the maths yourself.
Posche pre sold 20000 for one model. This is one Australian hard tock mine already used before the year production is met.
NYL (Ausbil) is one of the largest bank. Their revenue in one year is more than the value of MS. Why would a bank this big pay above $4/share on market.? Think.

JB is looking to be the only Canadian producer for the North American auto industry at the moment.
My belief is, the company is targeting the tier 1 (export) makers. The price and quality is higher. If the chinese want to compete, they need to be at this level.
Chinese prefer to buy overseas made, for quality and social status. Chinese made EVs are mass produced for local market. When buying EVs, consumers will choose Korean, Japanese, American and European over chinese made.
The YOP uses cameras, magnets and weight/ size of particles to less than 1mm. The machine is picking up lithia to under 1mm. A pebble can have lithia on the outside and dirt within. To understand, picture a half filled cup of yellow sand and half black pepper. The machine is set to pickup 80% black pepper and 20% sand. This process would need to be done at the converter, with the YOP, the cost is taken out. The sale price of this spod is much higher than standard. I think they will add $8m US for the qrt to the balance sheet minus capex.
The company didn't sell SDV. The resources were measuerd and remains. The northern tenements sold to Posco doesn't change the value that was measured. Posco bought it because chinese back companies were out bidding Posco, they turned to Galaxy.
The company plan to be in production from three mines. This would value each share around $11 in 2022. Current valuations around $5/share.
Is FMG valued $3.50 a few months ago or $8 today. ORE 3.50 today , Toyota valued it 7.50 months ago. The SP has moved, not the value.
At the bottom of HC page, company announcements are there for all to see.
The price of spod from NMT is simple. July 18 qrt they got $1070, Dec qrt they got $930, Jan qrt $780. The spot price does not change contract price by the same percentage but to the metrics that is agreed.
So, if the company is valued around $5-6 and is trading under $2. You can work out whether to buy or sell.