Agree, the definition of Tier 1 deposit will need to change, PLS...

Agree, the definition of Tier 1 deposit will need to change, PLS is 8% of the market and growing, the winners will become defined by their scale over grade, country, location, power & water. In a decade the winners will all look like PLS & Greenbushes and vertically integrated. I am just watching LTR's diggers presentation again, Tony Ottaviano strongly makes a case for being an integrated refiner, (perhaps he's using Sumitomo to extract more from Albemarle?) the only way you can build that type of integrated business and survive the next down turn is to have a massive resource. When you look at the landscape of Australian Lithium wannabes there is nothing else that comes close to the upside potential of AZS.. and projects like DLI look over rated IMO.