As an interesting side-thought, GXY could rock up and buy AJM...

As an interesting side-thought, GXY could rock up and buy AJM out with just cash in hand (and that includes paying off their debt)

Or buy a third of PLS...

Or buy out ORE...YES, buy out ORE.

Or buy a significant stake in SQM, or FMC, or Livent...


Obviously these will likely require hostile actions and the moment this action is commenced, all prices rerate so in practice may not work but interesting to ponder while we sit on a mountain of gold


Mind you, the reverse is also true. Expect to start to see predatory activity to get to GXY assets and cash.