Who knows?
Sentiment and current market uncertainty?
Disconnect between projected demand and supply?
Scepticism about the resource?
I think the first two are in the process of turning. As Patterson's said at the end of their RIU presentation:
The past year has been unusual for commodities, with prices driven by sentiment and uncertainty. But one thing is for sure, the world needs, and will continue to need, raw materials to satisfy growing demand. Global politics might be causing uncertainty, but one thing is for sure, at some stage the law of offer and demand will prevail.
Scepticism over the resource is understandable, but I suspect that too is about to change.
- GXY now realise they should be drilling their southern tenements.
- The first hole confirmed we've got lithium bearing brine.
- If the second hole confirms the same lithium brine continues further south, then I think scepticism will be cast aside, the remaining CSAMT will be interpreted and also being lithium bearing, and then I think it will be game on??
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