Yep the froth is off, but the quality resources will do just fine. After Greenbushes there is still a strong need for more spodumene mines. Depending on demand models, anywhere from 3-20+ 2MTPA mines assuming 3-15% EV penetration by 2025. (also allowing that 50% of supply will be met by brines).
BTW CXO results were not exciting imo. True widths are like 25-40m (not 60m) and not exactly super shallow either. Still one to watch, round 2 might light up. I am pretty sure LTR (next door to CXO) announced similar but deep results a few months ago and did not exactly set the world on fire either. So its one example, on the flip side you could say KDR has been flying boom like.
Reality set to bite for Lithium Juniors - AFR, page-11
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