Hey guys,
Same discussion over and over. Love both of your input and I find the figures fascinating.
But the point all dicussions seem to elude to is will their be enough of the high quality stuff to meet demand.
The basic answer is no, I believe high quality resources with low impurities will be highly sort after as battery companies strive to produce better quality batteries.
Everybody wants longer range, longer life, and less issues. As we all know current demand forecasts are worth zero, ever since forecasts began they have been upgraded upward every time.
The Chinese have dominated and continue to pursue their appetite for the lithium crown. It has only been in the last year that the western world has awoken to the battle at hand.
The Koreans and Japanese are ahead of the West and look likely to give the Chinese a run for their money but they need to make more acquisitions soon. They due to their colourful his with China will not want to be left with the flying egg in the face.
Simon Moore’s
@benchmark speaks more sense than most, Howard Klein reads the same page well.
Moore’s comments of a global battery arms race have never hit the alarm bell better.
I am well invested in some spec stocks that will make it eventually, or not, some have low grades, some are brine, some don’t know what on earth they are doing yet as they are still exploring.
The one thing I do know is that premium deposits with grades and impurities of this magnitude will not go unnoticed. Sheet it could be on the moon and somebody will find a way to extract it economically.
This is one of those investments I’ll top up occasionally when I have the funds, especially at this price, tuck away and be pleasantly surprised with in years to come.
Short story..
My Grandfather invested a small amount of money in the tech market in the late 70s. My mother, her sister and brother were deeply upset at his death. It was later they were told his small holding was now worth 2.8m. True story.
So I guess what I am saying is that this is one of those stocks that I am very happy to be in. Interested parties will not less this go, there is too much riding on the electric future.
No financial advice at hand.
Just use your gut and vision and make your own decision.
