We are a long way apart on costs of production. Your base case of US$600t appears to be significantly below even the NAL DFS.
It is my experience that no lithium project has ever come close to meeting DFS costs and given the difficult nature of the NAL deposit and comparing to producing peers, I certainly do not expect SYA to be the exception. That shouldn't be taken as a slight against SYA, it is just the nature of the Lithium industry as a whole and what SYA has to work with.
So we differ on costs by quite a large margin. My statement was regarding the first 3 to 4 years. As such I have had to assume significantly higher AISC in the first 12 months of production after which I revert to a steady state AISC that remains well above the DFS projections. I have been quite clear in other posts that I assume the JV will be selling to PLL at a loss.
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