Demand may go through the roof but there are plenty of companies with mines either closed or scaled back until the price improves. These will take up any shortfall along with new Chinese mines such as Goulamina in Mali which is the worlds fifth largest deposit, which is about to be brought online in an already subdued lithium market. China will ensure there is an oversupply to keep pressure on the price, just as they have done with nickel and are in the process of doing with iron ore.
Small gold explorers are still struggling to get adequate funding despite record gold and silver prices as all the investment is going towards producers, which actually benefit in the gold price increases in real time.
Later stage explorers needing cash to get into production are prime targets to acquisition and/or merger. Or just a cash injection through direct investment. RDN has cash when cash is sorely needed for companies to take advantage of the gold price. This to me is better than pumping dollars into a project with no certain outcome in the foreseeable future.
Even Core lithium has taken to gold exploration whilst waiting for prices to increase to restart lithium production.
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