LEL - The Sleeping Giant, page-133

The risk is that is T/O too soon. But it will have to go at a premium. This is a minimum $2B NPV (at carbonate price $25,000/tn for a 25ktpa plant).

sovereign risk is <5%. Unlike Chile, Bolivia and Mexico with their leftist parties grabbing profits. Current left government is going (<20% in the polls). Plus Argentina has a federal system like USA, each province does what it pleases.

Enviro risk Zero. Jujuy has a goal to beat the other 2 provinces. It has a Li refinery under construction by Gotion and Chery. They will expedite the applications. Argentina wants $6B revenue from Li asap.

Tech risk is Zero, using ponds.
USA has given nod to Argentina to be part of IRA. Argentina will repay IMF debt with this projects tax.
China has excellent commercial and financial relationship with Argentina.

this project is going ahead 100% whether is LEL + partner or sold to AKE, LAC, Ganfeng, Zijin, Gotion, Tesla, Tianqi, PLS, Rio, ALB or whoever wants the next most strategic resource in the hottest spot of the Lithium Triangle, with all services and road by the door.