Lithium Demand Skyrocketing with EV Market Growth – A Bright Future for Lithium Plus (LPM), page-2

With respect, you have the potential scale of LPM's operations confused with someone larger than Liontown and approaching the size of Pilbara.

LTR's full scale plans were to process 4Mtpa and at that throughput volume they would then be producing roughly 100kt of LCE per year (5% of the 2M LCE comment above). If LPM were to possibly meet 5-10% of global demand they would most likely need to be mining well over 4Mt each year of high grade 1.5% ore.

If LPM were to set up an UG operation and mine out Lei quickly (and not somehow acquire the rest of Lei that is in Core's tenement) its unlikely they would mine at much above 1Mtpa production rates. They might get to 1% of EV's lithium demand but even that would be optimistic because it would both need LPM to get to 1Mtpa and for EV not to continue past 2Mtpa of LCE demand by the time LPM gets there.

Core made some similar optimistic comments about their potential scale and the market size, but Core's were semi-accurate as they reference the then market size of 500kt LCE that existed a few years ago and if Core had managed 190ktpa of SC5.8 as they noted in their DFS they would have been at 27.3ktpa of LCE (just over 5% of a 500kt LCE market).