12 months ago Toyota thought $7.50 was fair value, so at less...

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dyeman

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23/02/19

18:45

Post #: 37543335
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Originally posted by Just_Westy ↑

Originally posted by niu
Yes, I figure ORE is friendless because it was well along the development path when the masses discovered Lithium, and the earlier stage investments (and Galaxy's Lazarus act) offered higher risk, higher reward.

And there was (and still is) the curious anti-brine sentiment. There is a lot to be said for having control of the process all the way through to the refined lithium product. I smile every time I see someone write about battery grade spodumene - not all spodumenes will be good for making battery grade lithium but it doesn't follow that there is such a thing as battery grade spodumene (unless there is some excitingly cheap (but heavy) new battery chemistry out there...). Things may get interesting for the hard rock guys soon - I see North American Lithium has shut down temporarily because the converters are awash with spodumene and prices have retreated from 800 USD/t to 600 in the last few months. Interesting times.
Yes, I figure ORE is friendless because it was well along the development path when the masses discovered Lithium, and the earlier stage investments (and Galaxy's Lazarus act) offered higher risk, higher reward.

There wasn't any 10 bagger threads here to attract the punters !

The high percentage of shorts is a big turn off for many looking for a quick buck and there was the ponds issue.

I held some of these briefly in 2017 but there were easier pickings to trade back then now I've made some coin I wanted to invest it into a stable producer instead of an explorer and I believe this is now a good LT investment.

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12 months ago Toyota thought $7.50 was fair value, so at less than $3.50 ought to be a pretty good punt!

ORE Price at posting: $3.43 Sentiment: Buy Disclosure: Held
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12 months ago Toyota thought $7.50 was fair value, so at less...

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