Time for deals now, page-29

You do realise that all CATL did was throw PLS a life raft. There is no off take agreement. PLS are still faced with high Opex and will for the time being chew though the raised capital. Also the SP will be diluted and probably retreat to 30c or lower.

Hopefully the planned changes in the plant will lower the Opex and the Lithium price turns around or PLS will be faced with the same problem that they had before they were bailed.

Mean while AVZ has money to see it through until the DFS is completed. It will not surprise me if capital has been already lined up and will be announced prior to the DFS. The Opex of the AVZ mine will be low because of the premium quality of the resource.

Big advantages AVZ has - high resource quality, low strip ratio, low labour costs, tax holiday, tin production, etc. etc. Transport cost will be on the high side, however all the positives vastly out weigh this negative, as the recent studies have verified.