No worries. There is very few big lithium mines in few years.
As I said, this situation with low lithium prices is not such bad for LRS as it is not going into production in 2 years. Enough time for " expensive" competition to close mines, "mothball", not to invest in further development or drilling, to be slowly killed or suppressed ( read an article about LKE : selling some projects, delaying necessary work, fighting for investors/ money, sacking workers, etc.: " Lake Resources cuts staff, eyes asset sales amid low lithium prices " -Reuters | June 27, 2024 | 3:16 pm , Mining com ).
It is already happening. And its always happens in cycles. We do not like to see it, its painfull,we want share price to only go up but reality is exactly this : a roller-coaster, smaller or bigger. " Tree shaking".
We are lucky that nothing changed for RLS : resorce ( becoming only bigger), nor management ( becoming better), nor costs ( becoming smaller), nothing... We are with very good company, i believe.
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No worries. There is very few big lithium mines in few years.As...
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10 | 1119044 | 0.180 |
5 | 225000 | 0.175 |
7 | 724453 | 0.170 |
7 | 825150 | 0.165 |
Price($) | Vol. | No. |
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0.200 | 8171204 | 37 |
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