LKE 2.70% 3.6¢ lake resources n.l.

go you good thing, page-43

  1. 4,959 Posts.
    lightbulb Created with Sketch. 1813
    Your post makes little sense, you dig up an old post of mine and claim that I have extreme confidence. At the time of my post lithium was selling for $67 per kilo. Today lithium sells for $16 per kilo. Tell me which genius for saw a drop of that magnitude.
    Lets just pick another lithium company at random lets pick Galan they say "...approximately 79% of Galan’s long term price estimate for lithium
    carbonate ($29,000 USD $/t LCE)..."
    So Galan have sunk money into their Catamarca project and think they can turn a profit if the long term price returns to $29.
    If I were you I would stop worrying about LKE who have zero sunk costs and start worrying about companies who at todays prices will certainly be making a loss.
 
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