We haven't even scratched the surface compared to what lies ahead regarding Global demand for Lithium and Lithium batteries.
The way in which we harness, store and use power will be transformational and on a global scale. Think of the uptake of smart phones globally or led lighting.
Li batteries will be cheap and in everything.
Testing the historical Axis drill cores were merely an opportunistic Segway prior to the main game of drilling already known areas containing Lithium.
They found the cores, the Axis area, although untested for Lithium did contain significant widths of pegmitite..... so hey, let's test it and see if it we now have a BONUS extra site that also contains Lithium. Nope, nothing there, so let's move along and continue with plan A.
SP then experienced a panic dump with probably lots of unsuspecting holders having their stop losses hit. Unfortunate day but it's certainly not the end or even the middle of ESR's story.
I'm confident SP will once again return to previous highs.
Looking forward to the next 6 months.
ESR Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held