...one of these extremly rare value plays Hi guys,
look’s like a perfect storm is brewing.
...just another good read and more brain food, from poster Logcabin, over at ceo/nili (copied and pasted), just in case you have not yet read it. He summed it up perfectly….
Ouote:
...surge being profitable at current spot prices is about as good as it gets.. heck even if it spot prices went down to $8,000 p/tn LCE.. surge will likely be profitable. And only profitable projects will survive. it will suck for everyone who's got money in projects that are not in the lower cost curve and esp if they have no optionality to sell to markets/factories other than china. surge doesn't even need to advertise it.. its basic math. Even if there is a lithium price spike. The new benchmark thesis for supply investment will be established - and no additional mines that can't operate in these conditions will be built.. for both spod, brine and clay.. its all about AISC and life of mine. And when a spike does happen - surges project will be an absolute money printer. second mouse gets the cheese.
Here with NILI we have one of those extremely rare value plays, still for a very laughable price:-))
Take place and enjoy the ride, it will come….
Take care
George