Phoenix Water - PXW - Lithium - 100x, page-2005

The moral of story is that it's better to close the deal before the election rather than hoping for Trump's defeat.

We missed the opportunity to monetize when lithium was at $55K, after the 60 Minutes episode on Salton Sea, IRA tax credit incentives, and recently the Korean Government subsidy.

It's not entirely Nick's fault; sometimes external influences, like those from Macquarie, might have led him to hold out for a big win.

End of last year this is what we projected for lithium prices. The spot is trading at deep discount to this projected price.