Yea I asked about offtakes. They've been renegotiated earlier this quarter and they said we'd see the price improvements at next quarterly (Jan 23).
I also asked if they had an appx timeline for when P1000 would be constructed, as Ken had said in a few quarterlies prior that it could be as early as late next year. Dale said appx 18 months after FID - so guessing mid-2024. Assume 12 months for ramp, mid-2025 should have P1000 at full capacity.
I also asked if they were confident that P680 was still on track for delivery in September quarter 2023. Dale said he's never comfortable with expansions, but feels the orders of long leads shouldn't be a hold up - and they're confident with timeline disclosed.
The last two questions really show me that P1000 is a foregone conclusion in regards to the FID next month. Just hopefully they can stick to timelines - which every lithium project to date has struggled with.
PLS Price at posting:
$4.76 Sentiment: Buy Disclosure: Held
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