I don’t think there is anyone here that would complain if SYA became a $15 billion company just from digging and concentrating spodumene from rock.
I know I wasn’t when PLS did just that.
Even now, I don’t see the shareholders demanding that the company go all in on downstream conversion.
Their approach is to ease their way into it by taking a small stake in a hydroxide plant in South Korea and a mid-stream pilot plant in Western Australia.
They can do this because they have $3.5 billion in cash and are generating $1 billion per quarter from spodumene concentrate.
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