January Tea Leaf Musings !, page-365

Any price is possible. Of the 250 of so called lithium juniors listed on global exchanges, only maybe 12 will produce, particularly when you consider the Star Alliance, who have the funds, management/expertise and lithium in the ground.
PLS is one of 5 companies in this Alliance, due to scale (thus low cost), quality and existing slid off-take partners. Once PLS is running at nameplate (this time in 2019) and capex debt repaid, free cashflow could be re-invested to buy up quality said juniors to add to their reserves and thus future output.
Another very important consideration, is dont underestimate future demand, because the only way car manufactures are going to meet thier 2025 C02 emision standards (that's right, there are government mandates in place on many countries) will be to ramp up the number of zero emissions vehicles they build. Furthermore, as the cost of batteries continue to fall, cost of EV's will soon be on par with ICE's (some analyst say this year in Europe), and as we are all aware, many car makers are investing billions on re-gigging for EV production, as the car makers know that unit costs are lower (barring the battery) than ICE's to produce, both from an essembly line and less moving parts perspective.
It's happening, it will happen, many billions already invested, but wont rise without pullbacks, bottlenecks, under/over supply scenarios, thats normal, particularly when investing in the commodities space.