General Discussion Banter GLN, page-13998

A lot of brokers are calculating approximate resources for stocks like Azure and Wildcat, so while they may be “pre-resource” they are not really. It is worth noting that ithe lowest cost producer in the industry, SQM, bought Azure for $1.1bn and so clearly see a lot of future value in good quality hard rock plays.

We are around the bottom of a cycle and analysts are, predictably, all trying to play it safe with low balling forecasts. SQM is the industry giant. Its resource is five times the size of Greenbushes and know the Chinese market intimately. If they are prepared to pay that price for Azure, that tells me that the lithium industry is going to be in good shape in the medium term. I would rather follow SQM’s lead than a bunch of stock analysts being freaked out by a manipulated Chinese spot index at the bottom of a cycle.