Comment by tinker901on Oct 05, 2024 4:09pm

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Post# 36254696
RE:Anyone think...
RE:Anyone think...Although negociations with a potential partner is still a thing (sort of) I seriously think that a deal is not for 2024 and probably only around mid-2024.
They could put out some drilling results and reserve updates, but looking at the PMET reserve update did for them, I do not think that it would give us any sizable SP hike.
My best hope is that a new north american converter would sign up for supply and / or maybe a deal for the technical grade could play in our favor.
The lithium prices will turn around at some point but at the moment I am letting my investment with CRE rest as is. After the last wave (2017) uour SP fell from 1.84 to 35 cents. Then with lithium 2.0 we got close to 3 bucks.
I am counting on the next wave (Lithium 3.0) to bring us up to 5$ after a deal is signed and construction begins.
I have not posted alot these last few months because there was no point in trying to explain how the Chinese monopoly tanked the lithium price and now the battery makers are making an insane profit margin.