When most market analysts (as Joe quoted in this interview) forecast the lithium price through this decade to be around the low 20's to high 20's and long term around 30-32,000 USD/t there is no wonder our management do not want to sign an offtake agreement when the price is around 12,000 USD/t as it has for the last 10 months, all juniors are in the same boat here. The lithium price rout has gone on for too long and our savaged market cap has continued to get mauled by delays, we are now in an unfortunate position where management need to take a deal to get phase 1 into development.
Fortunately it seems the Lithium price has bottomed as seen by Rio's take over off of LTM and green shoots in the SP of producers.
The quarterly due out soon will be telling IMO
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