Spodumene Prices, page-3205

Each to their own. For me, having researched this sector for years, closely, there is no better place I want to park my money. CXO, I've been there, sub 30 and sold in November. No need to go back. It's not offering me what PLS can. SYR DD completed. Not for me.

By the way, tax at 30%, that's a good thing and what we all hope our investments achieve. It means FF dividends like the March payment and for those in pension phase, 30% tax refunds and 15% refunds for portions still in accumulation. CXO and SYR, not in the same league and good luck, all boats will float for now. CXO will be fine.

Cash costs are well contained. Plant production costs are low with much of the increased unit operating costs out of PLS control. Increased royalties because of the high prices being achieved. Freight costs which seem to be moderating. Labor/equipment costs industry wide, which will make it that much harder for new entrants and soon to be producers. PLS is bringing on new production at a lower cost than what new entrants can achieve. They also have the IP in commissioning new production which cannot be understated. September quarter should see commissioning of P680, with the crushing and ore sorting technology implemented. P680 at full capacity by December quarter. The crushing and ore sorting will support the P1000 expansion also. Posco JV nearing commissioning and midstream product demonstration plant FID fast approaching. All this self funded with cash flow and the token loans only taken, well, because the government wants some ESG brownie points in the battery metals space and it's cheap credit.

Exploration. Down dip extensions of pegmatite domains underway. See the recent Instagram link I posted. Little clue from the PLS PR department IMO.

Yes, I'm a PLS fanboy and why not. It has changed my life.