Exactly!!!   Of course, you have a cogent and logical reason to be skeptical.  What actual milepost has been achieved by the company to justify the marked Share Price increase?  At a time when production date has been extended at Cauchari-Olaroz and when Minera Exar is under criminal indictment in Argentina and when Covid 19 has had detrimental effects on that same operation?  The world price for LCE is way down and, it hurts me to say, lithium demand is down.  

I know I was the one blowing the trumpet for a false oversupply, but I accept that I was wrong on that issue.  Now, however we really do have a short term oversupply.  In the long view that is going to be a plus for both the Cauchari-Oloroz facility and for the future lithium clay mine at Thacker Pass since the reversal of the present oversupply should occur coincidental with the present production time frame for both of these LAC associated and owned facilities, but if we are just examing the current situation then what concrete event undergirds this surge in the LAC Share Price?

I share your circumspection on this issue, Cal, and I am sure Pavel does as well.  I guess the three of us are alone amongst the crowd of lemmings that presently are hypnotized by the Siren's song since we are the only ones saying:  "But the Emperor has NO Clothes!!!"

When speculation is the only engine of Share Price increase there has to happen one of two things:  Either some concrete milestone occurs coming on the heels of that speculation to undergird it and belatedly firm up what before had been a house built on shifting sands OR that house precipitously collapses down to its foundation.  

In the first scenario lies the Tesla financing or outright buying of Thacker Pass.  That situation may, in fact, materialize much to the delight of the lemmings and the Pied Piper... and, for that matter, to the three of us whose vision is not impaired and who really do see the naked Emperor.  I certainly won't be complaining if Tesla provides the fertilizer and the rain to the LAC Money Tree.  Included in that first scenario is the possibility that some other financial giant will do the fertilizing and the watering and that this Paul Bunyon of finance will team up with LAC and we will have one of the tallest trees in the forrest.  That too, "could happen".  We could all be using $100 bills to light our cigars, just as the Pied Piper has predicted... "it could happen".  Ultimately, of course, for Thacker Pass to succeed the "pursuit" of financing options by LAC must be successful and I think all of us believe that it will be successful, we just diverge from the pack whereby all the lemmings subscribe to the belief that it will happen in September or sometime prior to the DFS release.  That is what separates those of us who have a circumspective vision of events from the crowd.  We know that the beautiful roses have thorns on their stems.

In the second scenario, the collapse of a house built without a framework:  I don't think there is any question that the present hysteria will disolve in the face of reality if there is nothing material to undergird the giddiness of the gullible.  Those who are long time investors, not just in LAC, but in the experience of multiple investment situation in their past, know full well that the psychology of the mob is a dangerous and fickle thing that can turn on our invesment in an instant if the mob changes its opinion of a company when positive statements about the future of a company are deemed to be empty pumping and without foundation.  I've seen it many times and I suspect that you have as well, it is those past experiences that have made the few of us "circumspective" in the first place.  We are the ones, along with Clara Peller from the legendary Wendy's commercials of the 1980's, who are saying:  "Where's the Beef?????"

And, frankly, Where IS the Beef?