Time to drive a stake in the ground on 2018 pricing for Orocobre. As I see it there will be 4 driving factors in the price as we move forward.
1/ The export volumes continue to be maintained at or around current levels.
2/ The export value continues its upward trend
3/ Detailed announcement of the development and cost of phase 2 at the current plant
4/ The schedule and developments in the plant in Japan
I'll make my predictions quarter by quarter:
Based on 1 and 2 above, I see a continued steady upward trend in the next quarter with the price eclipsing $8.00
Depending on announcements re 3 above and detailed costing and schedule, I would expect a price well above $9.50 by mid year
Again depending on developments and progress of 3 and 4 above, I would see a price well in excess of $10.50 by the end of calendar 2018.
Have a happy and safe New Year to all subscribers to ORE forums on Hotcopper
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