Agreed, lithium is expected to be in the doldrums for a while with increasing supply and EV demand reducing. I am still bullish long term on the commodity but can't see it moving for years. I didn't mind the option over this project especially if our neighbours had good results.
In saying that, this is very cheap with a couple of proven deal makers at the helm. A CR at this level would not be palatable to anyone but may be required even though cash burn is low in anticipation of another asset vend.
Obviously a lot of variables but I would be good with something a little more mature even if it came at a higher valuation
Agreed, lithium is expected to be in the doldrums for a while...
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