I agreethanks for the writeup.
My biased take on it is this--the fix is on. Share the wealth by letting big players getting in relatively cheap and then run it up. Sometimes by giving a little you are much better off in the end.
Fundamentals are here-going to be the hottest commodity (in my opinion) when lmes get to critical levels. Glencore and Trevali are going to control the market. Nystar tried at one point I believe in late 2000's but didn't have the size to do it. I think this time it is going to be different. Whoever controls the marginal incremental production controls the market.
I'm going to guess this will be vastly oversubscribed.