Agree with Your thoughts.
Remember Maqwank and Joe (GXY)Lowry both said PLS wouldnt make production in time.
Theyre doing DSO now and 6% concentrate by June. With YoY cash to pay off debt in 3 yrs!( I dont hold any PLS)
Anyone talking over supply simply has not:
1. Listened to MLs tweets about severe under supply and huge need.
2. Read about only 40% to max 80% utilisation of Chinese Processing ability. Thats a 60% avg. 40% laying idol.
3. Seen the YoY profits increases avg 77% for Processors.
4. Seen the Market buy outs, take overs, joint ventures, off take agreements and IPOs for 2018.
5. Seen companies like BYD get agreements with miners directly!
This Electric Storage Evolution.Commodity Supercycle is a Raging Bull. Only being dampened down by the Big Instoes writing fear articles based on 2021 to 2023 "Oversupply possibilities".
Ive been reading up about Cobalt. Did Production actually decline in 2017?
Looking forward to seeing what JB signs up!
WFE Price at posting:
2.1¢ Sentiment: None Disclosure: Not Held
