RE:RE:Market ResponseJMark80 wrote: Could be because lithium is such a speculative market? There's a lot of uncertainty with respect to supply/demand, and relatively few projects will actually go into development. 1/2 billion capex is a serious commitment!
Not enough supply to meet with demand past a couple years out. Lots of lithium on the planet for sure but economic projects to be put into production is a different story. 500M capex for a project this size is very reasonable especially compared to others.
It's a combination of current sentiment plus probably waiting to see how CYP can move the pilot. Maybe market thinks they will dilute 30%+ of market cap. Once something is concrete there are no barriers.