Net Profit Down 82%, page-28

Where do you get your “facts?”

First of all, there isn’t a lithium mine on the planet that produces 7M tonnes of spodumene per year. Greenbushes, at 1.5M, is the largest in the world.

PLS is currently the third largest producer of spodumene in the world. There aren’t many larger, and tthey might well be #2 when P1000 is completed.

PLS just turned a profit, albeit a small one, in Q3 with average sales price of less than $900. Technically, we qualified for a dividend of approximately A$0.03 in H1, but the BOD decided that it was prudent to retain capital. The average spot price is now $300 higher, $500 if you refer to the MinRes and ALB auctions.

It’s hard to take your thesis seriously when the few “facts” that you cite are so far from being accurate.

Best regards