Ann: PLS 2021 AGM Presentation, page-12

It's true what your saying wrt less economical projects may be viable at today's lithium prices. However, the word sustainability comes to mind, in that, if all that less economical supply does come online, lithium prices fall and those projects are no longer economical, in turn, need to enter C&M, while the wasted capital should have been directed to expanding the economical/scalable projects, initially.

As KB said, those projects will be capex and opex intensive, therefore high risk for investors who are funding such projects. At present, its mostly retail investors funding these hopefuls, shrinking the pool of capital available for the better and most economical projects.

Once again, not sustainable, impacting the reliability of the overall supply chain, certainly not a good long term investment thesis and thus, not a place I'd putting my hard earned, will end in tears for many IMO.