Ann: Quarterly Activities Report and Appendix 5B Dec 2022, page-28

If this is the price BEFORE this big bump in the overall world supply (should TMT progress), then you could reasonably expect the price to be lower after TMT comes online, yeah. Short of huge demand in VRFB we simply are simply not seeing (yet?). And Chinese demand remaining at least constant (No recession).


Wonder what true capex is here now given the blowouts in lithium developments in WA….

The model is marginal right now, just a matter of whether the critical mineral element gets it over the line. How badly do govs want outside China production, or is it just talk…

Plenty of SP upside here IF this goes ahead though…