Gina is a smart operator. Basically she blocked ALB from...

Gina is a smart operator. Basically she blocked ALB from Scooping up LTR, thus ALB now backing away at a loss no doubt. I'm not saying either way if LTR will be profitable or not or C&M.

But they have locked in supply agreements with Tesla and Ford Motor, as well as with South Korean-based LG Energy Solution. LTR sitting on roughly 156 million tonnes at 1.4% lithium oxide. LTR MKT value is 3.293Bil.

I can't wait for LRS to have 100 Mil tones by June 2024. BIG re rate for LRS. 2Bil? Maybe? 3x current price?

Basically LTR, I don't care about, but I don't think ALB pulling out of LTR is a worry for us or a reflection of the Market, just ALB withdrawing as they lost. Would have been better to try & buy LRS!

On another note: Economics;
The affordability of mining Li will lead to Li not being able to be mined at all under a certain price & no means of profiting. This will wipe out Li mining in some global jurisdictions. Forming a base price that Li cannot be sold for profitably. Inflation will make the Li sell prices to go North eventually as the world needs Li, like the Navy needs Maverick! (& one day it maybe replaced - but not in next 10 years)

Still, LRS is in a prime position to reap the benefits of the sell price inflation & it will be perfect timing in 2025 as other miners will be in C&M, reducing supply thus increasing demand as a perfect positive storm.

that's my opinion.