With the market how it is today I agree with your assessment....

With the market how it is today I agree with your assessment. However I’m a bit more optimistic about how things will look in 10-12 months (which is roughly when we can expect a JORC imo).

The reason: according to metal bulletin the supply glut has driven prices down in 2018 and this has been reflected in contract prices for 2019.



This is expected to continue into 2019 with more supply coming online, but as you can see, most of it is hard rock:



As well all probably know, the planned production increases for South American briners aren’t going so well with regulatory and environmental issues in Chile, upscaling issues and low product quality impacting the big 4 and continuing to constrain supply of battery grade LCE.

As a result the prices for carbonate and hydroxide look set to cross over this year as carbonate looks to have bounced, so I think briners are set for a bit of a run.



All IMO. Links to the articles blow.

https://do not advertise external s...-a-glass-half-full-or-a-glass-half-empty.html

https://do not advertise external s...lithium-differ-over-2019-contract-prices.html