I reckon looking at AJM as a derisked stage 2 is a good way to see it.
The interesting thing to see in the coming months is how quickly the PLS brains trust will be able to get recovery rates up to PLS levels. No doubt it is doable, really just a question of time and how much further capital is required. Being the lowest cost producer outside Greenbushes is a great place to be. The unit operating cost can only improve with increasing volumes and the synergy's between the two operations.
Ann: Share Sale Agreement to Acquire Altura Lithium Operations, page-215
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$3.05 |
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