Banter and general comments, page-15631

Hi Hittman

Thats true but equally I think most of the share registry would give a resounding NO on anything in the 2 dollar range.

We're about to probably be making a billion dollars a year in profit and most Lithium companies are valued at EBITDA times 8 which is then divided by the shares on issue.

If we only use the pure profits figure (which is actually lower than the EBITDA) and times it by 8 your looking at 8 billion.

Divide that by the 1.8 billion shares now on issue since the CR and you arrive at a share price of 4.44. Thats not far from PLS current SP (Although as a PLS holder, I suspect they are going to continue to march up too).

Therefore, I cant see too many holders out there taking an offer in the 2 buck range when they know a measly 65 million could double production (and therefore revenues), that our LOM is likely to be north of 30 years at the end of 2023 and that we could have a Hydroxide deal on the table in 9 days.

Anything less than 3 bucks I feel would be regarded by most as strongly taking the micky.