Nearest the ( pin ) concentrate competition, page-185

Have a read of the latest GXY yearly report, they achieved $940 USD / t. and In latest quarterly report comments of Lithium Hydroxide (for NCM and NCA batteries, now prefered for higher capacity) now with a $7000 USD premium over Lithium Carbonate spot prices, a year ago it was approx $2000, POSCO our stage 2 partner paying premium to get a shipment from them, it's looking like Aus Li Hardrock which is direct converted to Lithium Hydroxide by our offtake partners Ganfeng etc is looking great.


Also curIous if anybody can name any Li Brine mIner that has hit their nameplate in their claimed tIme ? I can't. what does this mean, It means supply is 'not' goIng to be able to keep up wIth demand. As a note: GXY is sayIng 3years to develop their Li Brine productIon. From what I know this is typical. IMO I'm quite sure PLS stage 2 can be up and goIng before any BrIne expansions starting now from any other Li miner. A lot of knowledge has been gained from Stage 1.


PLS have a real option of rolling back the high 6.256% Li % to 6% and ramping up the volumes, either way I'm sure they will adjust it's % - vol, for max return given their offtake contract details. (might hit my volume target, but suspect contracts could favor quality over volume with premiums for higher %)


Disclosure I'm invested in most Aus Li Hardrock / Battery metal ASX companies current and future miners, big and small, for the long term, PLS by far the majority; PLS, GXY, KDR, AJM, MIN, NMT, CXO, AUZ, RIO, all with their own risks and stages of development, many including PLS currently undervalued given cash flows in shortly. I'm sure their are some big Aussie miners looking to grow their energy metal exposures too.

Looking forward to PLS's 2nd ship soon, rampup news and Stage 2 FID any day now.

All IMO, DYOR and have fun.