ASX Today, page-12248

Yep, BMX, not RMX. I think the statements TO has made clearly outline his intentions with LTR. One can only assume during the interview he had with TG there would be agreement on the strategy for LTR.

PLS has really given an example of how to resolve this issue of too much bargaining power sitting downstream. With prices so low last year and at the beginning of this year these downstream partners have had it easy. They will now have to be more efficient, or better still drive efficiencies in their processes to maintain their margins. PLS has been working hard to increase output, efficiency and value in the whole production cycle.

So it's without a doubt the POSCO deal will allow PLS to get more of the benefits and profits that until now had been the domain of battery makers and others. TO will have been making notes and thinking right direction, but lets do this even better. Competition and the drive to be the best is what we expect from TO.

I think the only place there has been mixed messages has been from the downrampers on here. The great thing is we'll all get to see who was right and wrong in the course of the next few weeks.

So TO has let it be known there are maybe 50 parties he's speaking too. Was that for our benefit ? Nope. That is 101 letting it be known to all parties if you want to do business with LTR you're going to have to stand out to even stand a chance.

If TO really wants to catch the market they'll either be working to get to production ahead of market forecasts. So how does he do this ? Well what comes after DFS is financing the whole project....So I would expect that part of what is announced and to ensure we get as much out of the interested parties to express interest in a JV as consideration for financing a plant. Get this done sooner means again taking weeks, months off getting to the point of construction.

Then consider what would it take to build a plant and get to manufacturing sooner ? More money... I think having 50 parties out there who are keen to secure lithium there will be many parties willing to invest up front to secure their supply.

Then the only thing is scale. I'd be expecting a plant to come online sooner and with added capacity coming online and then the question is overall scale. Currently we have what forecast 40 for the life of mine ? How big is Buldania will be part of the calculus as to what should be the total scale of operations / production. PLS is a will be at 1,000,000 tpa ? So what will be the target for LTR ?

The way to surprise the market is come out with something even bigger and better than what they were forecasting and right now I agree with cashound the market has simply not priced this into the current SP, but it will.