The issue is though that PLS can supply next year and the year after. Car manufactures are not interested in taking risk to get supply in 4 -5 years, way too long. I truly believe that unless you can get into the market in 2018/19 the boat has passed for new mines. Existing mines just expand their production. This is not a 150 year play, as with oil. This is 20-30 years. After that new technology will have taken over IMO. So a potential mine with a 100 year resource is meaningless.
AVZ Price at posting:
10.0¢ Sentiment: None Disclosure: Not Held