So after the record breaking BMX lithium price achieved...

So after the record breaking BMX lithium price achieved yesterday by PLS,
I double checked the Lithium hydroxide price on the LME.
So, $19.25 as of 9th of September, which was 5 days before the auction

Now that a new record price has been set, I have calculated we would be at least $21, if not more..

So, to recalculate our revenue for lithium, AT CURRENT PRICES-

40000x 21000= $US 840,000,000
,
The way prices are moving, I think you could double that by 2024.
But, lets be conservative and add a 50% risk to that, so a 50% increase by 2024-

.5 x 840000000= 420000000

420000000 + 840000000=

$US1,260,000,000 from lithium alone.

Add EU157,000,000 for power generation= $US185,369,000 ( heat sales not added)=

$US1,445,369,000. or 1,223,973,103.57 Euros or. $AU1,973,761,305.28 Australian Dollars

That's nearly 1.5 billion US dollars revenue!!!

So my previous in production, price target was $AU45-55/share.

Now that revenue has increased by around 50%, I think we will be in the $AU67+ region

I used to think $100/share was impossible. However, if the lithium price keeps growing, and our potential output of 40KT grows with acquisitions in Germany and overseas, streamlined processes and improvements in the flowsheet, it may become a possibility.

If this all gets incorporated into the BFS/DFS, due next year, or more accurately within the next 6 months /Q1 2022, it will blow the PFS figures away, with a corresponding increase in SP.

And as the lithium stockpiles stay in deficit and the price keeps increasing, this figure will grow.

Remember, we are the only zero carbon project in the world, and the largest lithium resource in Europe.

Add to that the latest info in the announcement of the SPP, for further acquisitions in Germany and abroad. We will also be the first Australian company to list in Frankfurt proper, with all the attention, funding, tax incentives and streamlined approval process' this will offer, being essentially German.

So, Hold onto your shares people, dont let them go cheap.

Good luck everyone...

This is just my personal opinion, and does not constitute financial advice.