The price of quality carbonate out of South America is relevant because it shows that the price of product that is of top quality has not tanked at all. The prices that are pedalled by the so-called analysts are skewed by all sorts of bs product for a range of reasons that have been discussed here for many months.
It is also particularly relevant to us because if you haven’t already heard, we have this sort-of-a-big-deal deposit at SDV that will be our next asset in production, and it won’t produce some 5.x% Li pebbles, but top quality, battery-ready chemicals. The demand and pricing for that type of product remains strong. Relevant. This will be bringing us hundreds of millions of dollars through the door each year. Relevant. We are trying to get a JV partner on board to help fund and otherwise contribute to its development. Relevant.
Spod prices and Mount Cattlin are not the main game for GXY. And yes, concerning spod prices and what we are currently selling, it is the price the WE are getting for OUR product that is important.
Too much guessing going on by those wanting to paint a miserable picture to suit their agenda.
I’d still be buying right now if Mt Cattlin didn’t exist and we were just pushing towards SDV. DYOR
GXY Price at posting:
$1.31 Sentiment: Buy Disclosure: Held