Western independence needs its own supply from true tier 1 nations outside of china.
Which diversifies necessity away from countries that are vulnerable to supply shock as well.
Which places advanced assets like WR1 at the front of the development tiers.
The bears ignore supply disruption shock. They can never see it coming, until it does.
So many of our peers have failed, yet we are positioning at the tail of lithium 2.0, come 3.0
Renard is that capex bridge that cant be ignored. A billion dollars of infrastructure that is shifts our development readiness to the front of the que.
The Renard / Adina / others that can be drawn in to the hub, make scale an opportunity for a predator.
Yet the discount market of the ebb of the tide, lose hands lose their seats for near 100m mc, a fraction of the book value, or takeover value worth to an industry vertical who values that guarantee of supply and low risk approvals pathway. That approvals pathway, is a harder and harder thing to get in western jurisdictions. So having Renard in place, is something whose value is not grasped by the small volume of daily sellers, whose shares continue to be accumulated by those contrarians who see the larger picture.
You can not guarantee future supply in Australia, or Africa, or Brazil, or Europe. You just cant. Too much risk.
One little hiccup, one little indigenous cultural heritage tree or ant hill, or a protest in Europe by environmentalists, or Taiwan conflict - can disrupt the supply balance, and trigger lithium 3.0.
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