The main point is whether PSC would be a miner in 12-16 months or not. If yes and if lithium spodumene price is still >900/ton then they will over pump this... Most of the time when sentiment is poor it will be well oversold...
I would say PSC's MC would be at least 150mil down the track to commission when we are fully funded and signed the balance offtake. Imagine when they over pump this from 150 mil mc...
Look at AJM from 10c over pumped to 50c (>800 mil mc). I kept buying PLS @ 35c and AJM @ 10-13c in 2016 but sold most PLS from 60-80c. Lesson learnt and I won't repeat that again... I'm not saying PSC is comparable to PLS but given it's low MC...
Don't forget PSC still have other potential projects and have to see how these projects are heading...
Just bluffing, time will tell and GLTA
Dummy cap, page-10
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