The reality is that the price of Lithium is now at an all time low. Only the mines with high grade and efficiency of production will survive at this present point in time. The risk for the future is that will Andover have both the grade and efficiency required? The long term profitability of PLS (a very successful company) is dependent on grade and efficiency production at present but will also depend upon the long term contractual pricing arrangements that PLS can negotiate. What do the long term forecasts hold for Lithium pricing and therefore the performance of PLS and of Andover?
AZS Price at posting:
$3.62 Sentiment: Buy Disclosure: Held
