Using existing cash (Piedmont had USD94.5m at the end of Q3)
Loans
Issuing new equity
Cash flow from the SYA offtake
Selling assets
Larger costs don't start until Atlantic start ordering DMS equipment and breaking ground. Given how quickly lithium prices are moving and have moved, the one likelihood is that Spod prices won't be at today's prices in 9 months time. If Spod prices do bounce back, the SYA offtake will again start generating robust cash quickly.
A11 Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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