If 30-50% NPV8 was correct then why isn’t VUL trading much higher considering they already have 12 million tonnes LCE?
DLE remains new and unproven in large production scale therefore using such NPV8 percentages to estimate what current value should be is IMO incorrect.
Also, the 99.97% was finalised in a lab, the average grade output from the production plant won’t necessarily be that high.
We’ll know a lot more once the on-site pilot plant is up and running.
2021 and beyond, page-1316
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