I don't think this has been posted and my apologies if it has.
Link to an audio slide presentation from Blue Ocean Equities produced this month :
http://www.blueoceanequities.com.au/kdr/
I know it's virtually a cliche to state it but really, the further the share price goes down the greater the bargain here
for long term investors.
After going through this video from Ocean Blue twice now, you see why the journalists who put out the report last Sat on SQM and the rubbish about over production just haven''t done their research.Last I heard it was 7 years to get a brine production up and running. When you look at the lithium hydroxide which will be produced at Mt Holland versus the cost of doing it with Brine production,its clearly much cheaper with hard rock.SQM have 300-400 customers world wide to sell to based on the figure of $12k USA per ton which is conservative considering price around $18-20K at the moment you come up with 35% return on shares at $2.50.Look at the iron ore industry,its only the low cost producers that can keep going,we have relatively shallow reserves.I can tell you from personal experience the deeper you go the costs go up dramatically.
I increased my shares in KDR since last friday by 12% and would like to buy more.As the longer time holders continue to increase our shares the registry will get tighter and tighter.