Just thinking aloud here. Could PLS's intention to build their own lithium chemical processing plant be a possible way to circumvent the ROFR? My thoughts are as follows. The initial off-takes will provide initial cash flow over several years required to fund the first plant. After several years the first off-takes will lapse at which point we can extend those we wish to do so. Otherwise any thing mined from Pilgangoora will be used as feedstock to create lithium hydroxide and carbonate.
We don't have the ROFR available however I assume it is for the concentrate and not associated lithium chemicals produced downstream. Thoughts?
Ann: Update on Product Offtake-PLS.AX, page-234
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