@equivestinvest Thanks a lot..,, this year I have been looking amazing returns mainly because of WA1 and VMM for me… appreciate your excellent knowledge and share your knowledge on Twitter.
I hope GLN and MEI both will be multi bags in 2024…
Wish you a happy new year 2024
@TheGladiatorHC 2007 /2008 just before GFC and lost 90% of my portfolio and recovered my losses 2 yrs after GFC. Now still trading but haven’t not made big money .
Have had a number of people tell me lithium is dead and the boom is over. I disagree, and here are my thoughts on why whilst I sip my morning coffee:
Firstly, understand just how much lithium goes into an EV battery:
7/8 tonnes of SC6 (spodumene ore containing 6% li2O) = 1 tonne of LCE (Lithium Carbonate Equivalent).
5/6 tonnes of LCE = 1 tonne of lithium metal.
It’s frustrating to see just how many analysts confuse LCE and Lithium metal: There are roughly 9/10kgs of lithium metal in an EV battery. That’s not LCE, that’s lithium metal.
So 1 tonne of SC6 ends up being a measly 25kgs of Lithium!! Enough for 2-3 EVs. I won’t crunch the numbers here, but that gives you an idea of the scale at play and the amount of mining and refining needed.
How many mines are coming online within the next 5 years? I think I could count them on one hand.
How many mines which were predicted to come online within the next 5 years are not coming online? I think I need a couple of hands to count that one.
The lithium mining business is going to be very profitable for a long time IMO. If you’re going to be producing within the next 5 years, you’re going to be printing cash. $LTR $PLS $MIN $IGO $WES
Thanks for reading and look at the crema on that coffee!
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@Stockrocker_ASX At this stage gold operations are worth $250 mill plus the cash raised to increase production.
WAF is trading at $1.3 billion with 300k oz production.
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