If we bet on Lithium 3.0, then we bet on the best identified in 2.0 emerging as front runners. They will attract money flow and corporate interest.
If you were betting on the valuation come developer, into that cycle, then payday is ahead of us at a multiple premium to todays seller priced exit. So if you were planning on holding that next LTR into develop or takeover, then it is paper noise what paper value today is. Painful to look at in one sense, but the market is fluid. And as those who wet themselves today no longer influence the sp tomorrow. As we progress up the development runway, buyers will at some point have to pay for higher hanging fruit.
Of course if you are a trader, looking to swing from branch to branch, the tree will swing in both winter and summer breezes.
WR1 Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held
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