Of-course it's a crock of crap. They didn't take any future demand/price forecasts into account and looked at it in the most negative way possible. It's pathetic.
Overall Lithium demand forecast have met or exceeded expectation for 4 years now.... It's quite clear a market disruption is occurring.
Names like WESFARMERS don't become lithium miner's in a crappy market for no reason, they quite clearly see great future potential.. NONE of which was included in evaluating the assets involved.
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