Here is the AGY chart who are producing Lithium compared to our LNG and Helium but have ran a similar course through a pilot plant and stage 2 plant. They also encountered a huge slide in Lithium prices before the pilot plant got off the ground and after it began producing. I see so many similarities between AGY and RLT in the process of the business becoming a producer and then getting stage 2 approved then building stage 2.
Take a close look at when the big money started flowing into AGY, it's very obvious! I expect a similar pattern to occur for RLT.
Both companies got stage 1 tiny plants off the ground for proof of concept and both have slid down in price, RLT might hang down here for a while like AGY did until Stage 2 gets going. Also note RLT began Phase 2 studies back in January 2021, that's 2 years so far, i am sure they have stage 2 pretty much all dialed in. Also i believe stage 2 will be easier as RLT will be contracting one of the big suppliers to undertake stage 2 (more experienced than the company for stage 1).
I'm expecting strong news flow in the coming months with approvals of $$$$, announcement of who is building stage 2, NASDAQ and the beginning of stage 2 works.
ALL IMO.
