upgrade, page-21

I always feel you're being very conservative in your estimations.


We all know:

- that Pilgangoora is untested at depth and possibly expansionary, justifying a 10mtpa operation;

- that Mt Fransisco has features suggesting it to be at least similar to Wodgina and Pilgangoora;

- that a tsunami of demand is about to hit Lithium producers and given a 7 to 10 year start up for many other projects, PLS will capitalise on high product prices until at least 2025;

- that participation in future lithium carbonate conversion processes will add several clicks to PLS's P/E.


KB was recently quoted as saying he did not expect a takeover offer due to the high level of risk for any mining project in preproduction stage.


This time next year though, we will be well into production, have drill test results from Mt Fransisco AND have indications of how well demand is swallowing supply. We may see panic then and rising prices and the inevitable (for Beaner68) takeover offer.


How much?