Good question. If in doubt peer research is required. You'll see...

Good question. If in doubt peer research is required. You'll see for example that PLS hasn't. Why ?

1. Price of Lithium on metal exchanges didn't represent true market value
2. Locked into poorly negotiated offtakes
3. Cost of operations - I think we're on the 3rd / 4th iteration of plants and the Aussies are getting better and better extracting
4. Platforms for auctioning now allow for high margins on a % of production

1st year LTR is going to be dialing in production, Could even have down time to adjust plant. Objective is to hit dates and commitment with off take partners and then as you'll see in 2025 the 2nd year of production they'll be making some money and possibly a dividend then.

So is you're investment for capital growth, then you've come to the right place. Passive income from a blue chip. Probably a few years early.