The producing side of the lithium sector is perched fairly precariously right now. If SC6 prices were to go back to $850/t (or thereabouts), then by my calcs the following companies would have at least one project in a world of pain or C&M or couldn't be developed (and this would be a positive thing for the sector because it would wipe out a decent amoutn of supply)
LTR, GL1, CXO, MIN, SYA (and therefore PLL also).
On the flip side, if prices just stay where they are now or even rise slightly to $1,200/t or $1,300/t then status quo will remain (LTR will probably just suffer through losses at shareholder expense, SYA will probably just keep being a basket case producing losses (and gifting PLL spod for free).
CXO and GL1 are the standouts because they have zero chance of making it to production without a very large rise in SC6 pricing (GL1 used a $2,500/t price in it's PEA).
Ann: Quarterly Activities and Cash Flow Report, page-175
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