"i think spot prices will go back up but not too much"
I think they will at least double after moving back into deficit by 2030 but I also think any guesses could be way out. No one picked lithium prices to spike anywhere near as much as they did several years ago - and when they did, I don't think too many expected them to fall as far as they did from that peak just 1-2 years later.
We really can't have much hope of picking the price with any level of accuracy. More a case of a very broad potential range which itself could still be wrong! I think if we want exposure, the safer option is to go for the lowest cost producers and/or developers or explorers with high grade, large scale projects that have a chance of progressing even during periods of low pricing. I think Phoenix qualifies with its high grade and large scale with the bonus of being in the US. It will also be a greener project.
