Ann: $30M Placement to Fund 2,000tpa Production, page-151

As the naysayers were claiming too much magnesium etc etc, we were busy building ponds and an industrial-scale pilot plant to demonstrate potential and viability.
Next thing you know, we were producing battery-grade carbonate and shipping to potential end-user customers for qualification.

Based on actual product and actual processing, using equipment and processes that enabled assessment of scalability (as opposed to simply making product in a lab, proving technical viability and then making bulk assumptions and estimates wrt commercial-scale production), we have estimated up-scaled production factors - equipment/energy/water/costs etc and have high-confidence of a commercially-viable project.

Simple.

But, for some reason, you want readers here to believe your vague “conclusions” and guesswork over a team with decades of experience, led by a Li brine processing expert, that is ticking boxes continuously towards the end goal.
Why?
What evidence do you have?
What reasoning?
I call BS FUD.

The 2000tpa plant will likely have a higher production cost than the PEA proposed for a 10ktpa plant, but as others have mentioned, product prices are well above twice what that estimate was, so:
The 2ktpa plant is likely to be profitable in its own right (JZ has also noted this btw),
But, more importantly, the 2ktpa plant is merely a very short-term stepping stone towards that 10ktpa (and possibly larger) eventual operation.
The 2ktpa plant allows momentum to continue and further de-risks the next stage.
Simple.

The naysayers are being proven wrong, time after time, again and again.
Simple.

That 20-tonne BG shipment must have brought a tear to your eye!
The company has runs on the board and demonstrable progress to support its project’s viability.
What have you got?