When I posted on the sector last month I had identified 35 companies in the lithium space with a combined market cap of $3.1 B. This month there are 51 companies with a combined market cap of $3.3B. That is, a 45% increase in the number of players over a month, but the…
Loss aversion is thought to have developed in the early years of human evolution. An earlier time when the loss of resources, such as food, fire or life, had much more serious consequences that an incremental gain. Thus a loss is felt much more acutely than a gain. Loss aversion…
There are currently 7.4 billion people on Earth, with a typical daily net increase of 150,000. This rapid population increase was only possible through the discovery and use of large quantities of energy. In the chart below, it can be seen that the population started to take off at the…
In the 1970’s John Exter created “Exter’s Pyramid”. The pyramid classified financial assets in terms of risk. The riskiest, and largest, asset class in the pyramid is derivatives. The least risky, and smallest, financial asset is gold. Read more on Exter’s pyramid here. Today, gold is unloved by many, from…
The lithium sector in Australia continues to grow, however most of the new entrants have little more than pegmatites, usually undrilled. Pegmatites often carry the lithium bearing mineral, spodumene. They are extraordinary common, and often low grade and high cost. The world is already awash with lithium deposits – there…
Minimum wage increases are one of the “flavours du jour” in the US. Even while it is widely understood that minimum wage laws do not make sense. California’s Governor, Jerry Brown, said, while introducing a minimum wage of $15/hour, “minimum wages may not make sense”. However minimum wage laws are…