Day to day discussions on S/P, page-12867

Stage 1 DFS SC6 pricing of USD637 was based on Roskill's future forecasts at the time.

Similarly the Stage 3 SS has adopted the current Roskill outlook of USD700 to USD765dmt cif

Each time Roskill are projecting prices over a long term period. Lithium prices are swinging around and people are wandering around wondering when they will hit bottom. However one of the most reputable and conservative forecasters in the Lithium sector has been raising their forecast for prices.

Lithium prices had the hype of 2017, the JP Morgan of 2018 and 2019 the market manipulation of ... oops can't say that. If you exclude ALL the noise over those periods, I think Roskill demonstrate that Lithium pricing is doing alright.

I recall at the start, looking over the Stage 1 DFS figures and (optimistically) valued the SP at $1.50. There's been a bit of dilution since then. Still if SC6 prices average USD700pt, I don't see any reason why PLS won't be near that SP when Stage 1 is running at nameplate and shipping all its production.

PLS is much much more than just a Stage 1 producer.