Ann: September 2022 Quarterly Activities Report, page-50

I am impressed. Well done to the PLS team and all holders. This is a monster profit announcement.

That cash generation is just awesome!!!! With that type of money coming in QTR on QTR the possibilities are endless. Growth + divies together no problems to fund. The leadership team is spoiled for choice.

Deep diving into costs, I was also very happy. US$434/dmt (being AU$635/dmt) versus guidance of A$635-A$700/dm. That is a real thumbs up from me. Now let's not forget that the potential for a continued constraint on cost increases is possible thanks to the completed construction of the 6MW solar photovoltaic farm. That is going to save a lot of money once commissioning is complete.

Based on recent actions by companies and commentary from real experts, prices will be higher for longer. That means profits still to go higher yet as expansions take hold. Well done to those that avoided the FUD to be able to benefit from the spoils to come! Many reasons to celebrate!