WR1 General Discussion, page-10518

its economics.
The EV market needs lithium, and the price has to reward margin for miners to do so.
That margin, will make the cream move forwards in any case.
In a soft market, only those with better placed metrics will get financing.
Its pretty obvious that we will have both MRE and economic advantages.
Those are the stocks which the predators allow to graze on the drill bit pasture, before taking over.

There are juniors in the green fields then who aspire to make the same transition to MRE builder with economic advantage of the pack.

If your at significant depth, over burned, thin finger intercepts with a lot of waste rock in between, and have high cost inputs like power ? you are not going to compete well for best margins.

All that said, there are waves in spot prices, as inventories run low, and buying accelerates again.
There is the hysterical market, and the fundamental market.
Rising tide will lift all boats, but a receding tide will still allow the best to finance their developments.