General Discussion Topics, page-83861

IMO the shorts are playing on uncertainty surrounding valuation.

So far we only know for sure that we will have revenue of ~USD100m p/a from the PLL offtake.
What we don't know is how much more will we dig out, who is buying the rest of it and how much for (spot? contract? strategic partnership?). When we do know that, then the market will have some hard numbers to settle on a valuation for the next couple of years and I think it will become a lot more difficult to play the short game thereafter.

An announcement regarding the remaining spod could drop at anytime from now.

Another thing that may excite the SP in the near term is any development around the Jourdain resource. Being adjacent to NAL it could ramp up fast with minimal infrastructure required, and of course that resource would be beyond the reach of the 50/50 PLL OTA (a deal's a deal, after all, lol). Aren't fences great!?!

I'll leave it at that because everything else is the domain of the investor and I don't think traders are looking beyond NAL, yet.