That's completely right. My bid for SP over the next few years.

2022: USD 40 with Li price USD 30,000 (PE 52)

2023: USD 105 with Li price USD 40,000 (PE23)

2024: USD 150 with Li price USD 45,000 (PE25)

2025: USD 500 with Li price USD 50,000 (PE25)

2026: USD 700 with Li price USD 50,000 (PE25)

These are of course estimates and everything can happen with division, lack of approvals etc. This is based on the fact that we achieve the planned production.

As you know, PE is what you pay for an expected earnings, so it can be less if prices rise and it becomes very expensive to produce, but PE can very easily become much higher. Go in and see what development companies are traded for in PE and you will be surprised.

Let's hope we've seen a turnaround?