BW - you do understand that Li is in supply deficit right (Due...

BW - you do understand that Li is in supply deficit right (Due to actualised / soon to be actualised global scale projects coming on line) ?
LTR is months away from commissioning. Suggest you check back in in the next 12-18 months and we see where we are at.

Markets globally are going through a liquidity squeeze for capital atm, so we are not Robinson Crusoe there. Look at o&g for example.

Now, once we get looser QE ( which will come as we hear the stick shaker going off in the cockpit), there will be a resurgence of options (incl finance) available to an astute LTR BOD

Back of envelope valuation will improve once production output starts and we see the throughput…..
It is then that I forecast we will see appreciation substantially to fair value in the SP, and additional market institutional interest as industry seeks to firm up long term supply…..

Cheers , BB