Indeed. The strategy for joint ventures with POSCO and Calix are...

Indeed. The strategy for joint ventures with POSCO and Calix are definitely worth their attention. Going into Canada will mean having to build an entirely new team which is an enormous undertaking in of itself. PLS has and is building a good team and it's been done over a long time, it's all within their reach and control. Spending a fortune and spreading thin is a good way to destabilise your business if you aren't sound in your operations.

Having and building expertise is how you run a successful operation, burning through money for a result that may never eventuate is an entirely different problem.

Establishing customer base outside of China alone through joint partnerships will create massive opportunities. Then there's Indonesia forming new industry and Hyundai setting up capacity there, PLS is slowly building capacity outside of just selling rocks.