Ann: Leo Lithium Secures A$106m Strategic Placement with Ganfeng, page-20

This is indeed a transformational and value accretive placement to Gangfeng.

The market will soon realise the strategic importance of this cooperation agreement as an excellent exercise in risk mitigation.

IMO the potential here is without rival in the sector and a testament to the foresight and experience of having Simon at the helm.

Clearly, there have been a number of lessons learnt during GXY days and at some point Leo may be valued comparably to LTR and in my view the potential to nudge PLS. After all, both PLS and LLL will aim to produce 1mt per annum, but one of the two has substantially lower cost profile notwithstanding the ongoing dialogue/reality re sovereign risk.
V