It's a very conservative PEA. It confirms economical viability of the project. That's the key.
Holiday season plus some profit taking caused price to drop, imo.
PLS share price was painful for a long time, now it's shining, but most retail investors sold at 20 - 40c.
Lithium is a special commodity, grade and impurities are the king. Electric cars require high quality lithium products. As Electric car sales accelerate, I expect lithium carbonate price to recover. Lithium industry should follow iron ore price bounce. When iron ore price dropped below US$30/ton, institutions said we would never see USD$100/ton again. Now iron ore price is over USD$150/ton despite big iron ore producers cost is below USD$30/ton.
I expect lithium stocks to perform very well next year.
ALL IMO.
Ann: Compelling PEA Results for 100% owned HMW Project, page-83
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