ARU Share Price, Short & NdPr Price Trends, page-27

I’m not sure where you read that one, but pretty sure that was a prediction over life of mine from an independent (wood Mackenzie or like).

Either way though, we are above spot price + plus 25%, as China have tariffs now. And/or we simply sell to the US who would be desperate for supply.

Add on 10% production credit, and the phosphoric acid credit, and you have have one very competitive company.

All this with a supply deficit of 70% as modeled by @suitsurfer, which with basic economics suggest further premium on our product price.

Predicting a price at this stage is complex. But, those prices you wrote would not surprise me!

Darryl in the meeting/quarterly talked to this very point, saying we have ‘price elasticity’, this means due to supply shortage and the low cost required per EV, OEM’s will pay much more than the spot price we can see.