You may have a better understanding of the nuances involved here Prosser but not sure how you make the leap of companies wanting to partner (pc of the equity) in order to get Li at cost vs buying under higher priced end user contracts somehow translates into a LAC, Toyota and EFL partnership. 

Also heard the short comment on solid state lithium cahtodes would be nice, for a number of reasons.

Not arguing, just trying to understand if your interpretation might be more hope than reality. Can you expand a bit more on your train of thought here. Thanks