I think the situation is not quite as bad. Sure, market is in a meltdown. But it's like toddlers. Meltdowns are BAU. It'll end. And when it does and investors sober up, all this liquidity jumps on the best prospects. The key here is that the DFS needs to deliver. As for the lithium price used there, it doesn't need to undershoot spot. Sure, the short term market might throw a tantrum, but if the prediction is solid, it'll fly after the sobering. 22-24k is fine for me.
I think the best strategy with this one is to sit out the turbulence, see some recovery, hopefully see the buyout offer late next year.
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