ARU Chart Thread, page-2601

The most comprehensive quarterly update in ARU history. Covered - presented everything possible in a well scripted manner - details galore and yes this will fly through 37c in good time. We have discussed here some time the POSCO equity involvement and Hyundai/Kia - perhaps POSCO alone will do the heavy lifting on the SK equity side of things - something very substantial is with those first 2 key equity component (we have been advised for a long time that participation in equity was key to final offtake - I do not believe there is any offtake remaining - it is all agreed re POSCO and another) and then those first two key equity components will be drivers of second two components - very clear and precise what the board just advised.

Now - back to Pierre Lassonde Curve. We remain at the bottom of the curve awaiting the final and largest driver for that significant spike and it will not happen overnight but over a period. EQUITY - INSTITUTIONAL INVESTMENT is the key driver. We have the significant critical debt component locked in - sensational. On the "curve" one will see clearly the equity/institutional is the final driver of that significant climb up in SP.
20+ years and now only weeks/months remaining for EQUITY and FID then the fair value is realized - the institutions already holding substantial - the new participants arriving and existing ones increasing holdings will drive the SP north in good time - whilst retail finally get to tag along and enjoy such - how much depends a lot on project execution - time and budget - favorable product pricing increases by the time we ramp to full production which again management advised of breakaway from Beijing pricing - mind you some export bans by them along the way would be highly appreciated - anythings possible re Biden's admin going the jugular on chips again - and Trump will see even more anti China exchanges between both.

Patience. Well done management and all parties involved - significant shift and delivery on such in past 19 months.