In my reading and from what I have learnt your righ tthe other part of the equation is cobalt...as such I have a small holding in AUZ.
I am small fry and have small holdings I have learnt a lot from much more knowledgeable people on HC than myself....I do understand the trappings of HC now as well, learnt the hard way sold out on BWX way to early before I learnt about a term called"down ramping"