PLS 1.37% 36.0¢ pilbara minerals limited

In opinion: Yep. LIT ETF just had one of its biggest days ever...

  1. 1,304 Posts.
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    In opinion:
    Yep. LIT ETF just had one of its biggest days ever overnight with 4% rise on more than double the volume!.

    The LIT is now in a early upward trend from multiyear lows meaning this thing has a good year to run before it gets to new multiyear highs (40+) and then eventually pushes those previous highs as the EV market matures and cements itself into the decade. Trend is your friend. The ETF will follow a similar pattern to that of 2017-2018 when EFT was over 40 and PLS was over $1. By 2021 ETF will have broken through 40!. The key difference is PLS will be north of $1 by 2021 given PLS is now not the same company as of 2018.
    PLS has one of the largest hardrock mines in the world. Its already producing and on the front foot globally..
    It will have lowered costs and better profits as the Lithium price rises off multiyear lows...
    It has downstream upside potential in Hydroxide with POSCO. Further profit potential...
    Hence why this run this year will take PLS beyond $1. The fundamentals are strong in PLS.

    In summary:
    LIT price up.
    LIT index up.
    Tesla at highs and will run further as profits increase following trade deal. Absolutely dominating EV markets and more of a reason why Lithium demand will 'surprise' to upside as all other car makers are hungry for market share in the EV space.
    All aussie lithium miner SPs have now woken from multiyear lows.
    Profits to increase for PLS.
    Lithium hardrock is the preference going forward.
    PLS, GXY, AVZ, MIN, AJM need to start reflecting a turned lithium market. Bigtime!

    Watch the money flow into Lithium...There is no doubt Lithium sector bottomed in Oct 2019..That is now history folks and long gone. Onwards and upwards.

    Buy buy buy PLS....
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