Our costs were high back then but they will be mid to low $300s/tonne this time meaning mt Cattlin will be a cash cow for the duration of this next round of incentive pricing. Meanwhile PLL will be trying to finance, build, commission and optimise their plant, and once completed they then have a 5 year fixed price deal to honour with Tesla that was inked at the very bottom of the spod price cycle. On a $ market cap per tonne LCE resource basis PLL is 9x that of GXY's three projects combined, and one of them is operating, the other mid construction. I know where I see more upside potential from here.
GXY Price at posting:
$2.90 Sentiment: Buy Disclosure: Held
