Great post and analyses 8horsesJust to point out that IMO...

Great post and analyses 8horses
Just to point out that IMO $2500/t spodumene concentrate prices for 2024 is very unlikely.
Only $1000 more at $3500/t and still some 50% of current spot price, would add some AUD 100million net profit to LLL bottom line and bring the PE down to 3, at current sp.
With DSO sale covering any potential short come on capex and assuming that there will be some pressure on Li prices, IMO LLL SP will likely doble in price every year for the next 3 years.
Also if I may possibly 177100/t for full 2024 is a bit conservative, if ramp up will take 4 months Q4/24 production 125000/t. Therefore imo is likely that in 2024 we will produce at least 250k/t.
On another note
Interesting to see where is SP support of current lows.
Recent uptrend from 44c could not be sustained, it would have implied an all time high by mid April, above 80c,
whereas a long time uptrend is implying a price target at 70c ish by end of March 2024....far too cheap.