I look at the facts, when trying to evaluate what LRS should be...

I look at the facts, when trying to evaluate what LRS should be worth.

In their own report... "This upgraded resource of 45 million tonnes represents a Lithium Carbonate Equivalent (“LCE”) of
1,477,000 tonnes. "

So 1.477 mill tones at $4805 AUD /ton (as per PLS article today) = $7,096,985,000 AUD! Now obviously minus, 200 MIL for plant, Minus more SOI to be released, minus...lets say 2 Billion total of expenses over next 2 years. Still gets to about 5 billion AUD! So if the 1.477 Figure is the pure diluted product, then I think this basic calculation is right.

No advise here, & please feel free to correct me if my calc is wrong, I'm open minded, be happy to learn.

FYI I'm confident in LRS, so much so, I bought more via Super this early week. Willing to hold & or accumulate over next 2 years to production & see what happens then.

& even if the 26km only adds say 10-20Mt, so be it. I believe it will have to be factored in. I think it's not. I think, pre mining & pre plant, & pre-production, I'm happy for it to be above 32 cents. On paper, could be 5 x it's current price. So plenty of room to improve.

Defiantly not worth less than in the 30s is my point. Only up from here is my 2nd point.