I also see the need for many lithium mines; however:
1. Most directors of public companies are purely incompetent.
2. There are not enough sufficiently skilled managers to take a project from grassroots exploration into production even if they have a viable mine.
3. It is VERY long path from having a prospective lithium lease to becoming a mine.
4. Very few lithium leases/deposits will end up being economic mines.
Consequently, I believe the demand/supply equation is firmly in favour of companies with big, globally significant lithium projects that are strategically located and managed by competent people who realise the real path to wealth creation is through creating something tangible rather than market hype.
Incredible!, page-45
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