EV/Lithium, page-586

...people should not be surprised that even the best of sector stocks have experienced protracted consolidation period. Extended consolidation period typically occurs when the flame of exuberance flickered out and growth stalls.

we saw that happen to
* CSL - from May 2020 to today (4 years sideways, marginally higher)
* RHC-  from June 2017 to today (7 years still down -33%)
* BHP- from Oct 2008 to Jan 2017 (8+ years lower to sideways)
* NST- from Jan 2021 to Nov 2023 (2.5 years sideways)

All time view
CSL Stock Price and Chart — ASX:CSL — TradingView
RHC Stock Price and Chart — ASX:RHC — TradingView
BHP Stock Price and Chart — ASX:BHP — TradingView
NST Stock Price and Chart — ASX:NST — TradingView

We could IMO see lithium stalwarts PLS and LTR following similar path of extended consolidation after experiencing a meaningful mean reversion first.

All time view
PLS Stock Price and Chart — ASXLS — TradingView
LTR Stock Price and Chart — ASX:LTR — TradingView

so

PLS: Dec 2022 - ?? (IMO best case June 2025 (soft landing) worse case 4-5 years)
LTR: Nov 2023- ?? (IMO best case Q1 2026 (soft landing) worse case 4-5 years)

It is a Misconception that good companies only go higher. They can go NOWHERE for an extended time.
You can wait, if you are prepared to wait that long.