WR1 General Discussion, page-31021

Lithium exploration is (almost) dead.

And that is reflected in the change in share prices from the lithium equity 'bottom' we saw in early Feb.




Our neighbours - CLIC, AZM (and LLI) all down significantly from the earlier 'bottom'.

Even those who look like they have something but (perhaps) not something big/economic enough and require more drilling to work that out (I'm looking at you CY5, LLI, BRW and TG6 (LOL)) - all down significantly.

Even with best case scenario, all but LLI unlikely to come into production within the next cycle (LLI may if economic and Renard facilitates production as a regional hub).

And as has been the way, rock chips rocketed some sh*tcos in the Pilbara. That spike in May however, was almost all nearology as they neighbour AZS and the transaction with Gina was wrapped up - tapering off as the likelihood of being snapped up with AZS dwindled over time.

Since the market's decline, the best way to get fair value from your project is a TO.

The current market seems to only price in the speculative spot price on that same day (as manipulated by traders in China for their gain), despite the reality that current prices only have bearing on where we will be in years' time by virtue of the fact that these low prices will lead back to high prices.

So exploration more or less at a standstill.

So what else is coming through the pipeline to meet that need of 30 more Sigmas by 2030? Not much and given the delays causes by current lithium prices, its hard to see almost anything that is not currently in development coming online by 2030.