Securing a offtake for both Boron & Lithium would be the best play at this stage.
Morgan stanley predict a 30% price drop in Lithium prices through to 2025. The sooner management can lock in a long term price the better.
Prices arent going to go up anytime soon. Innovation, technology, competition and over supply will continue to put pressure on prices. Even at current prices we still have a robust project at about 17% IRR conservatively based on independent report.
On top of securing a reasonable revenue the offtake will hopefully allow for an inflation in SP and a better capital raise.
Offtake coming, page-39
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