Ann: Response to Media Speculation, page-171

Not sure I agree with your statement re lithium is currently trading on crazy multiples comment. If you are referring to the premiums ascribed to explorers and soon to be producers then I can understand your comment. however PLS as a producer is on a PE of about 7-8 currently with huge growth projects and prospects so I say great value. Some would also say we are currently at or around the floor spodumene price.