Thanks for your great efforts in the past two years. I sold part of my holdings above 20c, but won't sell any below 20c.
It's indeed tough situation at the moment. But I am sure PLS will survive and thrive. Although EV market is cooling due to some reasons, it's still much much bigger than 3 years ago. So even lithium price goes down, it's very hard to reach PLS' cost.
Comparing to other Lithium producers in Australia, Greenbush's cost is lowest, so no pain for them. Finniss and Mt Cattlin mine are closed or will close soon. Min's Bald Hill, Wodgina and Mt Marion costs are much higher than PLS. Even they are doing cost reduction, they will still be higher than PLS. Don't forget Bald Hill, and Mt Marion had big trouble in last downturn.
Low cost mines are playing strategy to phase out high cost mines. The more emphasis on production expansion, the more pain to the high cost mines. More and more high cost mines are on the path to phase out, but PLS doesn't belong to those.
LRS General Discussion, page-19206
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