Great article by Mr Lithium, Joe...

Great article by Mr Lithium, Joe Lowry

https://unauthorised investment advice/resources/mr-lithium-says-hell-be-dead-before-the-lithium-market-is-oversupplied/ ... one point I liked "“Where to from here? … Morgan Stanley says 500,000t shortage in 2030, US$1,100 spodumene and US$8000 carbonate. None of those numbers make sense if you do the math on them.“Because it takes eight units of spodumene to make a unit of carbonate plus the conversion cost, so my warning to you is use your own brain. Don’t trust the big banks. Don’t trust me. Make your own decisions.”

Gees last few weeks been rattling the faithful. Nah not really. If investors really understand the fundamentals of LRS, they would continue to hold & ignore this short term scare mongering. Mining in Brazil will be much less costs $ than of PLS, CXO for example in Oz.

A lot of people questioning themselves "should I have sold at 42.7cents?" , I get that. I also asked myself, what's going on? But it's all MACRO noise!

Yes, I'd like CG to say they found another 100m shallow, 20 m wide! But seems it's not a Cinderella story post the 42Mt. BUT, they are finding a lot more, however, seems scattered deposits. CG did say that they are finding more in their tenements & he's happy with the progress, so I'm hoping it equats to a minimum of 20mt more. Be great to get to 100mt, but seems finding Li, is not easy.

Re demand; I always see posts about EV's. BUT It's not just EV's. Li market is everything! Power tools, Electric Bikes, Possibly aircraft, Trucks, Shipping, Heavy Machinery. Investors are not thinking big enough re Li. So far in Oz, only 10% using Ev's. So that leaves 80-90% to go! Just imagine the demand over the next several years.

Anyway been a bit scary, but I'm Continuing to hold my mil plus shares.

& PS Ta Veecat for the info