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Lithium has made some good gains this week . The fundamentals here are not to be ignored the position of the company is ready to make serious moves over this year and coming years as being a major player at the highest level .
Morning . With lithium looks like at bottom has been found and serious talk of lithium rally coming as demand is still growing . Tin prices have been doing well since that saw a bottom a couple of months ago . The position of the company is cash strong and backed by multiple institutions world wide and in production you can’t really ask for more.
China is the largest miner, refiner of #tin but it heavily relies on other Asian countries to feed its huge consumption rates - and those sources have major supply issues.
It’s largest concentrate supplier, the #Wa state of #Myanmar, is currently under a mining ban and just introduced a new 30% tax on all tin exports.
It’s largest metal supplier, #Indonesia, is having massive licensing challenges amongst corruption investigations which have resulted in its #tin metal exports dropping 99% in January to 0.4t (from ~6,000t/month), 85% which is imported by China.
The world remains exposed to unreliable and compromised sources of #tin with significant deficits forecast. $ELT.ax is developing two new responsible supply tin mines in #Spain and #Australia.
Https://thedeepdive.ca/tin-prices-surge-to-six-month-high-amid-supply-threats/
Great post early bird , the numbers for phase 2 are extremely appealing let alone phase 3. Phase two numbers would be a great achievement over the next couple of years obviously there are some big changes have to be made along with a partner or another avenue but i can see why Av said he would like a billion pound company
Yes agree with the lack of news flow , however we do know a lot !! Is been done behind the scenes I think we are close to see strong news flow . Regarding the share price we know why it’s been dragged down to these levels. I think as we progress over the next few months we will start see more price movements in tin lithium etc along with our own share price reflecting true value . Orion DD saw value at 6.4p nothing has changed so the upside on offer is quite attractive to say the least
Https://www.mining.com/web/australian-lithium-stocks-rally-on-speculation-of-china-mine-closure/
Tricky - like I said previously we will wait and see how everything plays out . This is multi commodity producer so it’s not relying on one thing to dictate on how things operate . We are all here to see how things grow and see the future operations expand , it’s a very exciting period we are entering .