Question: What are your thoughts on the lithium price going forward, do you think it will hold?
Mark: I think the supply is slower than some people have predicted, it comes down to how quickly demand picks up. I don’t see a big change in the lithium ore price, the feedback from some of the offtakers is that the end user is chasing quality now, so the battery market is going more towards the quality of the battery rather than the price of the battery, as the prices have come down there going for quality. The spodumine we will produce creates a very high quality Lithium carbonate. Most of the brines can’t meet the quality at the moment so I think there is going to be a strong demand for spodumine going forward, for hydroxide and lithium carbonate. Eventually PLS will come on line and AJM and that will be a big slug of production but they are still not there yet, so at the moment there is a mad rush for product, I don’t see it changing a lot in price, it may move up or down $100 a tonne. I don’t see any reason for it to drop right back or shoot of either. I think around the $900 will be the average price for some time.
Question: Any price catalysts you can see other than the resource estimate coming up?
Mark: Yes, beginning construction would be one. The economics in the feasibility study will be one as well when it comes out shortly. But the resource is important as well. People seeing things actually physically happening on the ground will make it more real.