Zinvestor - I don't struggle to understand economic reserves. I...

Zinvestor - I don't struggle to understand economic reserves. I am qualified in that. You could perhaps benefit from understanding how resources and reserves are classified. Maybe Google the 2012 JORC code for a start...... It is possible that Talison are using current price to process low grade stockpiles. On start-up the pit boundary had a 1% cutoff and the plant a 2% cutoff (yikes, that's better than the whole of Pilgangoora!). Much of their reserves run around the 3.5% mark. According to your company, your resource is currently economic at ~ 1.2%. And at current prices for concentrate no doubt it is. Just a matter of how long the prices hold, and how well bedded in to a low opex operation the start-ups can achieve.

SoS - there were excellent plays on the inflating side of the bubble for any punter. IMO, there is still good money to be made on the deflating side, but you have to know what you are doing from now on. You won't really know what I am holding. But not PLS right now, if you really need to know.