Spodumene Prices, page-4488

If they go to far then miners go broke and bankrupt then it become hard to get then and only then does
spod go back over $4000US/T.

Saw this with new iron ore mines back in 2007 with Atlas and BC iron where the big two in
BHP and RIO decided to wipe out the junior miners by dropped the IO price. Back then FMG cost price was $55US/T.

Atlas went under and Gina brought it and BC Iron also fell.
FMG was able to get their cost price lower than BHP and RIO and once the junior miners all went belly up
then the ore price started to go up. Now its basically the big 4 in BHP, RIO, Vale and FMG.

PLS cost price is still lower and so they will survive where all the others many have stopped production
due to costs being far higher than the selling price and with mounting debt they'll all fold up.

The bigger miners that have cost price under control will survive.

Could also be a good way to bring the share prices down to a point where they are take over targets.

So think longer term.