The Rising Influence of Rising Affluence

[Mufaso]

I'll add to BYDDY, PILBF, ALTM and consider starting a position in LINRF.

At one time I had a large position in PILBF and Cobalt Blue around several other smaller positions. Just as soon as shortages of lithium, or cobalt came about (and the stock price appreciated), new supply came out to crush the price of the metal along with the stocks I held. I always worried about new battery technologies as well for my Cobalt Blue position with Elon saying his goal was to eliminate the use of cobalt in EV batteries. I learned the hard way that investing in mining can be both rewarding and treacherous. (for me mining investments always seemed to end badly if I held for the long term)

Curious why you are adding to your PILBF, ALTM now especially in light of your BYD. BYD is building a huge sodium-ion battery plant and while the energy density is not there compared to Ni-Li-Cobalt batteries. SIBs (Sodium Ion Batteries) are safer and perform better in the cold. Their use in low end cheap commuter EVs would seem to put a massive dent in needed Li supply forecasts if they become popular.

Is there an opportunity in lithium today that you see and why?

TIA