They have apparently spent $300M and 10 years.... and are still tinkering with a pilot plant to try to prove a viable process.
Good luck to them.
I can imagine that they would be happy to sell off some acreage when the bank balance runs a little thin.
They claim a reserve of circa 1Mt LCE (25ktpa for 40 years), but are now drilling more (spending millions) to try to expand this? WHY?
It seems strange to me that 1Mt of LCE isn't "sufficient" to get going; why wouldn't they seek out more in say a decade when they are rolling in cash..?
Because they want to show a "multi-billion-dollar NPV" when it comes time for the massive CR?
Seems a bit "smoke and mirrors" for my liking...
We'll see!
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