Great read about EMH, page-103

Fingers I definitely did not went quiet. Btw I still do wait on your example of low Li percentage concentrate roast at 850°C producer. At the end sure you might be very well right. All I was ever after is to get management explained properly why the numbers are now worse.

I think it was stated clearly above the CAPEX numbers went from 241 in reviewed scoping study to 393.4 million USD in PFS in just seven months. The OPEX from 1500 for lithium carbonate production net of potash to 1950. Plus now worse recovery rate which further worsen the total operating cost by increasing mining and pre-processing costs.

I tend to use only numbers provided officially by EMH. Though I take the point to try to compare it to LPD numbers with completely different concentrate. But I find myself too hard to calculate such comparison because from my point of view there are too many unknown variables which might significantly distort the calculation as I believe is the case of VonSchlick calculation.

To conclude I am not against the roast by all means. Especially if they find in the next year some good savings in CAPEX as they did in reviewed scoping study etc. I just want to hear from management why they decided to go in PFS with something which has significantly worse both CAPEX and OPEX numbers compared to what was stated 7 months before that.