Hi WM,unfortunately it's a very subjective area. Analysts...

Hi WM,

unfortunately it's a very subjective area.

Analysts are like stockbrokers and no one really knows where we will be Circa 2026 re contract and spot price per tonne.

The consultants chose a range and not the company is my understanding and some will always say too high or too low based on their opinion of the future.

There are only 3 certainties in life being death, taxes and MB and his crew continuing to bag the exec chairman on HC !

I read a lot of articles and some say Hydrogen is the next big thing and Li will never hit that forecast potential.

Others say we are the infancy of a 20 year plus Li cycle and prices will continue to rise based on the time it takes to bring new mines into production. it's a really long process unfortunately and many won't get there !

Some predict ICE engines will be around a lot longer than forecast due to the number of Li mines coming onboard.

I'm waiting to see if the Saudi deal happens and what that does to the NPV.

I personally don't know if the price used today will be relevant to 2026 and beyond.

it's always going to be a supply v demand situation as that is how the world works !