PLL General Discussion, page-657

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banksy808

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16/01/23

09:35

Post #: 65706183
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Originally posted by cmonaussie: ↑

I just posted the following in reply on the SYA thread

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Just want to make sure we are using the correct terminology as "economic profit" is different to "accounting profit".When we talk about economics we mean in the economic sense. The difference being

"Economic profit (or loss) is what remains after deducting both normal accounting expenses and the cost of pursuing one business strategy instead of another. If a company chooses the more profitable of two business options, then it accrues economic profit, and if it chooses the less-profitable option, then it incurs economic loss."

This is the debate that goes on (in JV I would hope and not just here on HC). That deduction in the definition above is sometimes called "Opportunity Cost" and that brings with it a host of complications. Far from simple IMO
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This is what I believe is really behind the carbonate/hydroxide decision. And since brine becomes carbonate and there is a seemingly endless supply of brine in SA and lots of clay in NV (that goes to carbonate) and lots of DLE also in NA (that goes to carbonate) that seems to me, on the surfsace, to be something to be avoided ... especially as the costs for refining those sources to carbonate wil be lower than spodumene to carbonate. That would be my concern (whether correct or not is for the reader to discern). I see that opportunity cost as being well costly and reducing the economics of a carbonate decision.

JIMHO and would take lots of persuasion to shift it.

Expand

I feel the others are wanting to try and rid themselves of the offtake asap and the carbonate is their quickest solution

one thing they conveniently forget is that if spod prices remains higher for longer that the JV will have to recognise and compensate the offtake if it faces a change and if Pll face an economic loss from its current contracts

no compensation no reason for PLL to ‘jointly agree’

i agree also: hydroxide is the way forward for NAL

PLL Price at posting: 86.5¢ Sentiment: Buy Disclosure: Held
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PLL General Discussion, page-657

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PLL General Discussion, page-657

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