RE:RE:RE:RE:Do not be fooled by recent run.That depends on how long you are prepared to wait for a turn around. ---2019 with be a surplus year for lithium How is it a surplus year for lithium? You have to look at demand for different grades. Chinese spot price is down because there is a surplus for low grade products. High quality products maintained their prices, this is visible through SQM/ALB. Fastmarket forecasts several years of surplus beyond that. ---Who is fastmarkets? There are many EV and batteries plants in productions or planned but it appears that demand is going to lag for some time to come. ---Agreed As commish said, orocobre is expecting week pricing for forceable future. ---Orocobre predominantly sells low quality product. They even have their own technical name for their product. I do not feel that confirming reserves is going to move the share price. I have a few gold stocks that barely budge despite rising the gold price and millions of onces in the ground. Just like aal, they need a producing mine..... ---I somewhat agree. As long as there is poor sentiment prices will not return to previous highs. That said, increasing the size of resource should incrementally increase the value of the company Lithium salts and minerals are not rare. There has been a rush to create new spodumene and brine based mines, add to that the increasing production at existing ones. ---Yes lithium salts are not rare. But there is a lack of financing and expertise, and actually good quality products where there are roads, gas, powerlines and easy shipping areas. Other than LAC, please tell me the last financed mine to be produced thats brine? At this stage, I'm not convinced that supply won't be able to keep up with increasing demand. Norway aside, we have yet to see broad EV adoption. Though sales are increasing in China, the Trump administration is removing the EV tax incentive. We aren't about to see a big rise in sales in the US which is the second largest car market in the world. ---US will never be a leader in EV. However China and Eurpore will, which are large enough markets to change the dynamic of car technology. Eventually it will spill over to US. China's shares of EV's have increased dramatically, past all expectations in the last 2-3 years. Also, this is just the beginning of technology change. Most car companies havent even rolled out their production lines to be efficient. This is where patience comes in. I do regret not having sold when the Morgan Stangley report was released. Right now i'm holding and hoping and hope is never a good investment strategy. ---Yes I agree with you from an unrealized loss perspective. But I also disagree with many of the theoretical points in the MS report which based their argument. At the end of the day, you have to have your own thesis, and stick to it unless theirs fundamental change. All the fundamental change in this industry has been positive (more battery plants, more car companies announcing EVs etc, MS report already way off on 2019 estimates). Patience.