I’d happy if it can go back to $1.3-1.5, above 2 sounds like dreaming to me because of our orebody. The stage of the exporation and development is not that important for lithium since the total investment to bring a lithium operation to production is much less compared with for example iron ore, which requires huge capital / infrastructure investment. China can bring so many African lithium operations online very quickly, and the they don’t need to be operated at good profits, because China wants to control the supply chain of EV, and as long as they can make profit with exporting EVs, they like and raw material at very low cost and don’t mind lithium companies to run at huge loss (similar to REE, graphite industry).
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