PLS chart, page-6852

As you can see I am a holder, of this and a dozen or so other lithium companies so I'm not trash talking the sector far from it. My original point was merely that long term pricing is far more likely to be closer to $1k per tonne than $7k (in real terms), which you clearly agree on. Whether the long term price ends up as $800 or $1200 /tonne I wouldn't have a clue, nor does anyone else really. Nor did anyone think it would be sub $300 two years ago either. $1500 would be great, $800 and we still making money.,
But at operational costs for spodumene mining typically between $350-450/tonne anything north of double that is still relatively attractive for new investment, and expecting 90% magins to last forever is rather foolish imo.
Going back to my original point I suggested that spreadsheet was being rather optimistic on long term pricing and share price projections and if you plug your figure of $1500/tonne which I agree is pretty realistic, then what do you get from 1million tpa production? $2.21 - exactly what today's share price is.