Some discussion of PSC on reddit (credit to JSwyft for the...

Some discussion of PSC on reddit (credit to JSwyft for the below, copy and paste):

173,000 tpa of spod (phase 2 by 2024).
OPEX: US$150 ($14 w/ petalite credit + 50 CIF + likely optimization issues)
Spod price ~US$1000
87% of project owned (not finalized yet)
173k x 850 x .87

US$128mill annualised gross profit (petalite + spod) by 2H 2024.
NPAT could be as high as US$100mill pa (hard to guess). Max PE of 8.

Then there's the elephant in the room. Will Afreximbank (or somebody else) fund them in a timely manner? The updated DFS will be interesting. They need that money by the end of the year to hit the numbers above.
Spod prices are still consistently rising, so if PSC needs spodumene spot prices at US$900+ to get funding, it might come earlier than expected.
Without funding it'll be a double blow: 6mths+ delay & dilution as well.

If everything goes to plan, depending on investor perception of Zimbabwe, PSC could nudge an AU$1bill MC by 2024/25.Looks very promising, despite the unknowns.
If they get funding, there might be a good chance to enter when the 12mth construction phase tests holder's patience.