If you ignore the fact that Jack was paid to talk at Western Lithiums AGM.. he makes some astouding admissions regarding the supply contraints and what Toyota,Honda and Ford have done to sure up their product development of hybrid vehicles.
In fact these 3 car companies have already bought up the surplus supplies of Lanthium Series Elements for next 5 years leaving nothing for any one else no wonder the chinese placed export halts on all Lanthium series elements for their own internal consumption.
Jack says it gets worse the governments around the world are wondering what the hell the inpact is upon aerospace and military industries and their supply chains have been effectively cut!!
Also Nothing left for wind turbines,gas turbine manaufacturers big hefty devices that use triple the amount of Lanthium Series elements to make the next gen alternators.
The Market dynamics of the supply and demand curve yields are going to be worth watching.
On this Basis I would forcast that mines that get up and running and into the supply chain within the next 2 years are going to be worth at least $3 plus!! SANDFIRE TERRITORY!!
HDN Price at posting:
30.9¢ Sentiment: LT Buy Disclosure: Held
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