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05/07/21
11:32
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Originally posted by ufo221163
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All to often Ive found broker and institutional reports very wrong. They do research as we should.
Anybody with their nose to the ground knows that the supply and demand ratio with Lithium is in trouble going forward.
With auto manufactures scrambling to lock in supplies of this and other mineral component resources, I only see long term upside for this sector. One of these battles is the Brine V Spodumene and how quickly it can be delivered in high purity to the Battery manufactures.
Being globally positioned close to the end user is a huge logistical bonus. GXY to North America/Canada and when the Argentinian Government adds value to the Brine resource building a proposed Battery plant at the southern end of the Lithium Triangle, again GXY/ORE is well positioned to supply
Also with Government applying ESG (Environmental, social and governance) pressures on the miners this will also impact on who wins this supply horse race.
Also speaking of Argentina, keep an eye on LAKE Resources (LKE) and what their doing in Argentina with their ESG friendly Direct extraction process , smack bang next door to the GXY/ORE operations... interesting. I'm sure GXY/ORE will be watching.
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GXY looked at direct extraction methods for direct extraction, check out the strategy day announcement on SDV, seemed that direct extraction was higher cost, more technically difficult and energy-intensive than evaporation. Will have to look at LKE closer, maybe their tech is better than what GXY studied.