RE:Chinese eye Atlantic Canada’s lithium projectDRYOASIS wrote: and who said the lithium boom is over, yeah right, go smoke another one !! https://www.mining.com/chinese-eye-atlantic-canadas-lithium-project/
I did!! :)
https://business.financialpost.com/midas-letter/premium-podcast-mr-lithium-on-the-global-lithium-industry James West: Okay. So let’s talk about the emerging lithium sector, where we’ve got, there’s been over 50 junior companies now listed on the TSX Venture with new ones coming every week; former gold, coal, silver companies that suddenly are in the lithium game and they are putting forth these projects as prospective, none of which have a history of exploration or production. In that whole emerging segment, where do you see expectations being created for investors that might not have much chance of becoming reality?
Joe Lowry: Well, I have a soft spot in my heart for the mom and pop lithium investor. I actually get a lot of questions from, somebody will write me from seeing me on Twitter or LinkedIn and say, ‘I’m a pharmacist from New South Wales, which lithium project should I buy into?’ or ‘I retired in my veterinary practice and now I’m a stay-at-home investor.’ And there’s just a huge interest in the lithium space by retail investors, particularly in Australia and Canada, and you know, there’s not a lot of good information out there. So I really feel bad for people who are out there with all the noise and all the names, trying to make a decision.
My counsel to people is always the same: do your own research. But that’s a little bit like a doctor telling you to go home and feel better, because doing your own research in the lithium space isn’t that easy because there’s just so much noise out on the internet. So I mean, that’s why I do the writing I do on LinkedIn, and that’s why I’m active on Twitter: I’m trying to get what I consider to be reasonable information into the hands of people who can then make their own decisions, but I think there are a lot of people who are going to lose money investing in lithium in the next five years. There just isn’t a need for 50 lithium companies. And so I’m not sure what the current number of publicly listed companies with lithium in their name or purporting to be emerging lithium producers, but I would say probably the world is going to have at most five new viable lithium companies that are in significant production in the next five years, outside of China.