My take away from that, is that lithium prices will remain...

My take away from that, is that lithium prices will remain consistent with todays spot prices, or increase by 2030. In fact the supply deficit by 2028 will mirror 2020 and 2021 where the price was $5000 pt not $3500pt. Whether or not it gets that high again is another question, but its at least predicted to stay the same.

Which brings me to my point: This is the extract from Bell Potters broker report on AZS and the price per share based on the LT lithium price:



Implying $53 a share once its in production, or $20 with the early stage discount applied.

This seems insanely high, can someone point out what I'm doing wrong here, or is that Bell Potters assertion if the prices stay at todays spot price like Cannacord say?