Saw this many years ago with FMG when IO dropped to $50US/T they cut costs from $55US/T to $20US/T.
PLS will do the same to keep up with profits and when the bounce eventually comes they'll be making loads of cash each year.
With Spod so low they still getting in about 30% or so profit.
News: PLS UPDATE 1-Pilbara Minerals' Q2 revenue halves, focuses on cutting costs, page-2
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