Critical Elements Lithium Corp V.CRE

Chinese LI producers set price floor as demand evaporate

[tiger2201]

https://www.miningweekly.com/article/chinese-lithium-producers-set-price-floor-as-demand-evaporates---sources-2023-03-31

tiger

[bigops]

so....how concerned do we need to be that a floor has been put in place....is it really that bad out there? I know we are negotiating a longer term deal....but wow, is the short term that bleak and how will this impact -- i know these are not questions anyone here can really answer -- any constructive thoughts welcome --- better yet, if one of you has spoken with Eric or JS about this pls report

[monkeyhere171]

Let's put it into perspective:  - Current spot price for SC6 is around US$4,200 let's say  - CRE FS is using a US$1,850 price for the project's economics  - Even if prices collapse further, still should be able to sign something in the $1,500 area or a formula based on the average past prices which still would work to around that IMO. Note that many battery plants

[Dareg]

The market is still developing. Giga factories are not yet in place. We know that the demand will come , we just don't know exactely when. Companies make forward looking statements and they seek safe harbour , simply because they can't know or predict , with 100% accuracy, the shifting timelines of a burgeoniing market.  If they project a long timeline, publicly, they tip their hat

[monkeyhere171]

Disagree with that assessment for Managment Dareg!!   Read Fall 2022 corporate update - it does say they have signed some NDAs and parties are looking the "data room"! We are six months later and permitted, what happened with these NDAs?? No word. What happens really was after permit Management started commenting on the mine's life. That was never noted before!!! Told you