Good News & Bad News, page-4654

Hi firehawk08.

The analogy with FMG is a hit on the dart board but closer to the bullseye is somewhat different in my opinion.

When FMG was maturing, the supply of iron ore was predominantly to China.
They were soaking up from around the globe, eg. Vale, BHP, Rio and FMG, etc..

Now with lithium raw materials for batteries, the demand is not only from China, but the ENTIRE globe as all continents are transitioning to EVs, storage systems, etc., through ESG.

So in a nutshell selling to not just one ( admittedly large ) country but across the globe to all countries through vehicle OEMs, construction of commercial and domestic buildings, utilities, etc..

Just think how long China has been absorbing iron ore for now and then think how long it will take to achieve saturation in the lithium rechargeable batteries sector globally.

A lot of dirt needs to be dug up over a long period and it will be ongoing.
IMO.
PLS is in a similar position to Standard Oil back in the day, IMO.

T.