RE: Been Watching8 Feb 2024 10:24
I think their production and transport cost are more than their sale price. No risk whatsoever 🙄.
Australian miners are to produce an extra million tonnes this year. The price of lithium will go up in future. But not until demand catches up.
Two months ago people were saying battery manufacturers only had 3 days of stock left and the price will go up.
These same people never saw this drop coming.
I will keep buying KOD at these prices, knowing by the time we get to production the lithium price will be 3x or more than our production and transport cost.
DYOR