The demand for lithium is only going to grow, not decline. Battery storage is only just becoming popular and now supported by a possible future politician/PM in Australia. America will be soon enough, after the storms keep battering them from climate change, will also become believers. Cars are a small part of whats coming, so even if this retraces a little, this share price will be a cheap price in years to come. We are on the cusp of a huge demand increase, now that telsa has become cash flow positive for the first time it proves that the market is catching up and demand is increasing exponentially. Look at all the governments that are talking EV cars by 2030+ and phasing out fossil fuel vehicles. I will not see the total revolution of this technology it will peak beyond my years, but I believe that the low cost and resources available for this company will make it a $8-10 share, in the next 2-3 years if not sooner. The market is changing at the moment with trade turmoil and interest rate hikes expected in the US, but when the dust does settle invest in this company and feel safe that irrespective of the value of Lithium it will still be cash positive. Can't see Lithium price dropping massively as other suppliers are struggling to hit targets as well. Good luck all and hopefully the wild swings in the market stabilise soon. Cheers SL
ORE Price at posting:
$4.25 Sentiment: Buy Disclosure: Held
