White Gold and 2023 Dividends, page-107

Sorry I’m not too smart a guy, I only got into the lithium thematic both here in PLS and elsewhere around 6 years ago so I missed some of the early returns. But I guess a 300% return thus far is not too bad - and that’s before the companies in which I chose to ride have started paying dividends …

Because I’m not so smart, can you explain to me how on one hand an entity (UBS in this case) can say that they anticipate some BG lithium reaching $15k (USD) per tonne but on the other hand say that the only game in town with substantial current unallocated production capacity (PLS) is going to be worth less in that scenario? Oh, not to mention that the production capacity of that entity (PLS) is about to be increased; it’s involved in a JV for downstream processing and also in development of a higher value mid stream product - oh and also has a platform for sale of other battery minerals to be expanded? Like I say, I’m not too smart so maybe I’m missing the woods for the trees (or is that the dollars for the tonnes?)… can you help me to understand what you present here against that information from the entity (UBS) on which you seem to be relying?