You are spot on there. It is very clear example of why going with "hot" stock and piling in a stock with the herd are usually not a great investment strategy.
Lithium is hot and green and the future so you just pay up to be in this rocket ship that will undoubtedly go to the moon!
IO is obviously not hot at all. It's a mature and boring industry that is deemed "dirty" as well no matter what grade IO you produce. To top it off almost all analysts have been and still are very bearish on future IO prices.
That these analysts have been consistently wrong, who cares? That the IO industry can run circles around the Lithium industry in terms of actual dollar amount doesn't matter...
Nothing against the rocketship, but might be worth it to remember all the infrastructure around it is made of good old steel.
HIO Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
