It’s following PLS ramp up. It’s identical and management have given a conservative baseline for output which now will materially increase quarter by quarter and increasing our cash holdings significantly
The announcement Friday fundamentally changed the company and now is a cash cow and only going to get larger in cash position and resource.
Fines up coming upgrade in resource is looking very close and will extend production into FY26 and FY27. Investors pumping up AZS, LRS which are both 4-6 years away from a dollar being made and then need to follow in same footsteps as PLS and CXO 2 years of ramping up so 6-8 years to even make any decent money. Laughable and our EV is currently 350 million compared to theirs 1.2 billion dollar and 700 million dollar EV.
People sold Friday thinking wow it jumped 20 percent I’ll sell and will get the easy refill at 38 cents and run again. But fundamentally company has changed and it’s got a lot more to run for fair value in this current environment where lithium prices have bottomed out and now the lithium market is looking to turn and run as China rebounds which September was the first month in 6 months with a growing economy year on year. Big period ahead and north of 70 cents is coming very quickly
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