Ann: March 2024 Quarterly Activities Report, page-68

You are correct - PLS is a stupendously well run Company.

Still $1.8b in the ban with only the following to be paid out of the bank account to get to 1,000 TONNES PER YEAR:

	P680 Project Cost (revised 21/12/22)	$404,000,000
1	P1000 Project Cost	$560,000,000
2
3	Less: Expended in 2023 FY	-$138,000,000
4	Less: Expended in Sep 23 Qtr	$-
5	Less: Expended in Dec 23 Qtr	-$120,000,000
6	Less: Expended in March 24 Qtr	-$110,000,000
7
8	Less: Expected Remaining in 2024FY	-$285,000,000
9
10	Remaining for 2025 FY	$311,000,000

$311m, whilst having $1.8b in the bank.

All of this whilst the likes of CXO etc not being in a position to make $1 of marginal profit per tonne.

We make money for every tonne produced, and in 14 months will be making 1,000,000 tonnes. Do the maths.