RE:RE:RE:Level 2 looking good for tomorrow, should break 10'sThis is still very early days. Company is exploring different options to fast-track spodmene exploration in Australia. And that is really the key: fast-track.
Spodumene hardrock in Australia is your best bet in lithium. Brine development much harder to fast-track. And you need to fast-track cause more and more spodumene is being discovered by the likes of PLS, AJM and DKO in Pilgangoora. Also Orocobre, NMT and GXY will produce more and more in the next years. And last but not least you have the likes of FMC, Albemarle and SQM. They will do everything to maintain and expand their market share.
Once the high grade spodumene supply is online, it's hard to compete for brine late-comers. Long term supply contracts, lithium price will fall, lowest cost always wins.
Not saying all brine juniors will fail, but high grade spodumene better for fast-tracking your project.
Good luck!