Not much to report about this week but the extremely low IQ yanks getting spooked and over reacting and causing a sell off twice. Next week on the 14th we should get more info on inflation that hopefully shows a decline again.
As for XTC, not much to say besides a vague update on Carachi. I am hoping they are making alot more progress than they say and being modest and under reporting for now, only to surprise the market when all the ducks are lined up. We haven't got any results back from the maiden lithium pegmatite dilling program despite so called "expedited lab tests" and results ment to come back in under two weeks. Let's see what next week holds and here is hoping for a solid price sensitive announcement next week and data showing disinflation is continuing to take place.
Have a great week team and keep focussed on the prize, I have a very optimistic outlook for this year with the belief the RBA is making sound deisions and inflation will be sub 5.5% by the end of year and start the beggining of a new bull market towards Q4. Despite current news flow on falling lithium prices, I also am following BMI (Benchmark mineral intelligence) as they are the most reliable source and feel they will stabilise and rise modestly this year with the long term outlook being a substantial demand boost in EV uptake and supply being far behind, causing a big supply to demand gap and having higher prices of battery grade and above Lithium.
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Not much to report about this week but the extremely low IQ...
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