Also begs the question. GB at 300M (I heard 200-300M)
..and what do we have over 200M considering I don't think anyone in the area has drilled that deep and won't until mining starts. PLS could be better than GB and we wouldn't know.
Upside potential for Pilangoora Lithium is huge.
From Joe Lowry recently By 2020, Australia is likely to have three more operating spodumene operations - one of which may have costs comparable to Talison. The lithium world in 2020 will be quite different than it is today.
The Chinese players should not be underestimated. New developments in the Australian spodumene supply situation underscores that point.
Talison needs high prices to finance their new conversion plant.
Talison are going to cut supply to other Chinese converters.
There will be a number go under without a source and it's already started from what I hear.
Talison will be watching PLS like hawk. The last thing they need is feed for Chinese competitors just when they need to ensure the success of their new plant.
You can find possible buyers, off-takes and who knows what else just about anywhere in the current climate.
PLS Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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