Ann: PFS Launched for NAL Lithium Carbonate Production, page-109

My 2c. For those raising the point that we should be going straight into refinery rather than delaying until March for a PFS, I think the goal posts have perhaps changed.

Ignoring the fact that a PFS is important to attract investors and put some figures on the table in black and white, I think there's some things going on behind the scenes with PLL.

We all thought we'd be going down the refinery route alone as PLL specified they weren't intetested (and why would they be if it means an end to the offtake?). However, this announcement clearly refers to PLL and their joint partnership, so I'm wondering if some renegotiations of the offtake deal are going on behind the scenes and PLL are realising there's more profit for them if they get involved? Even if it's 75% carbonate to SYA and 25% to PLL based on NAL ownership, that's still a nice bit of income for PLL and probably better than just spodumene.