Running Commentary on the SP Movements., page-12450

Exactly! Announcing that drilling has commenced just confirms all is pretty much on track and should deliver JORC in a timely manner by Quarter's end or early June Q. It's nice to know but it's the drilling results that will influence the sp. Anything that vaguely hints at an even larger resource & high or better grades of Li2O with low impurities would fire up the sp. As for today's sell-off, yawn! But it does depend on you and where you sit with AVZ. Just like I don't shout the neighbours beers on a good day, I don't throw the baby out with the bath water on a bad day. The obvious comment I will make is the upward trend is still in tact & if some are spooked by SQM's decision to raise production, just remember any meaningful production hike is at least 4 years away. Also, most analyst forecasts for lithium demand have seriously downplayed EVs and yet there's been $20B committed in the past week by car manufacturers for investment in EVs. This is just the tip of the iceberg!