RE:RE:RE:Drilling and WildfiresI think that anyone who was willing to sign a deal 1.5 years ago would have seen the writing on the wall that the pricing for Li was turning sharply downward.
CRE was the victim of some of the crappiest timing ever.
While we may want to blame CRE for dragging their feet and "getting cute" as some have suggested in the negotiation stages after the permit... the reality is that the market turned. And with it so did the peak interest at the time.
Nobody wanted to sign a deal then. Why would they? Would you?
Suddenly you hear that there is a big sale/price-drop coming and your incentive to get around a table and hammer out a deal on the terms from the giddy days of bubble pricing is not very likely. They are talking about years so they decide to stall for months and suddenly the Li price falls 80%. They look like geniuses on the partner side because they didn't buy High.
But whatever, the prices are slowly coming back. The story is changing.
Supply shocks are now being replaced with stories of Demand Shocks.
CRE has great quality Li.... not like the garbage Lepidolite and DSO from Africa.
The narrative is improving every day.
Canada is going to be a powerhouse in the EV revolution.
Northvolt...
VW cars....
VW batteries....
IRA Compliant...
ESG desirable....
Cree supported...
Solid state high Li quantity batteries....
New models that are more interesting and price competitive....
Energy Storage Systems to charge in your garage getting better all the time...
Solid state battery safety.
The world is waking up again to EV potential.
Battery technology is mind blowingly fast at advancing. Stunning.
Range anxiety will become a thing of the past soon. People will adapt and will realize that it is not a thing anymore when they have 600km range on a 10 minute charge (THAT DAY IS HERE ALREADY if you have the right battery. And it is getting better all the time.... weekly...!
CRE was good at saving money. Thank GOD for that. Or we would be a memory.
You can feel the excitement coming back to the space.
Not only that but Rose West could be bigger than Rose. Too early to say for sure but that is the hint from the Rock Stock interview.
We are priced in as a 17yr mine with good quality Spod.
Reality is it could be a 30+ year mine with GREAT quality Spod.
The market needs to wake the hell up and see it for what it is.
ONE DAY....