12-Jan-2021 11:18:20 - REUTERS NEXT - ALBEMARLE'S NORRIS SAYS AGREES WITH TESLA THAT THERE IS A LOT OF LITHIUM IN CLAYS, CHALLENGE IS ECONOMICS
12-Jan-2021 11:19:28 - REUTERS NEXT - ALBEMARLE'S NORRIS SAYS BEST POSITION TO EXTRACT LITHIUM FROM CLAY THANKS TO NEVADA OPERATIONS
12-Jan-2021 11:21:51 - REUTERS NEXT - ALBEMARLE'S NORRIS SAYS VERY MUCH IN FAVOR OF DOMESTIC MANUFACTURING, DEVELOPING SUPPLY CHAINS IN UNITED STATES UNDER BIDEN ADMINISTRATION REPOST formatted properly: An uptick in volume when price breaks out of a range for a long time is a sign of a strong breakout - and the longer the base the higher the race.
if it moves into "overbought" terriroty - when the rsi is over 70/80 and stays there - it can stay there for months - especially if it's coupled with news
news in this scenario is usually good - and in the case of what everyone expects with cyp - fantastic.
and in addition - $cyp is still 4x undervalued to #lithium peers but is better in nearly every category - and that is BEFORE any news
Then regarding info we are waiting on:
- financing
- pilot plant news
- jv/buyout news
- rare earth elements
- improved extraction
- possible larger resource (not that it's needed current one would last decades)
- lower opex
- lower capex
The project itself is located higher than ALB's silver peak - with a theory that the soft clay here which required the least amount of acid compared to any peers.... is feeding their brine.... and may now be possible by using "table salt"
News on hydrochloric acid is possible....
All of the moves so far are overdue because of 0 promotion by the company
The man in charge previously ran a mine at TECK
PFS numbers used the lowest in the industry and still came out on top
Still early days.
And as Peter Epstein has said now today...:
$5.9/shr. assumes the average of the 7 peers does not change. If instead we pretend that the average of peers goes up 50%, and cyp shares quadruple to $8.84, then we would also be at parity in that case.
We are just starting to warm up folks!