Ann: FY24 Q3 Quarterly Activity Report, page-9

and the new Li Ni HUB at LJ purchased for $15M but market valued it at $1,000 will be a massive growth story going forward with potential $1B revenue pa alone there
LJ has a large MILL built and in "remarkably good condition" with 4 prior producing mines at high grade plus Ni high grade that would have cost MINRES $800M to build from scratch.

We recently saw the WA refinery cost blow out to $800M

And MINRES & IGO stated recently -
2 days ago — Li Prices cratered from US$8000/t to a low of US$850/t in January. But MinRes says its weighted average SC6 equivalent price came in at US$1030/dmt ..[IGO is selling at $1,300 dmt]

large price increases & a massive saving and bonus for MINRES by buying LJ off POS for peanuts.
MINRES OWES POS,
MINRES is going to benefit from this surge in LiP NP imho.