LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-3939

Have a read of the DFS for a starting point. Then check the announcements of contracts for say the underground mining and the transport to port. Those should give you some ideas of why Kicker makes that statement.

Re underground being “more expensive” - not necessarily, it depends on the nature and “shape” of the deposit as well as the extent of overburden (and other things too of course).

For example, digging out a stack of overburden to get to the desired ore can be more expensive per tonne of ore extracted than direct underground mining at the desired ore face. Then check the nature of the process flow sheets for each operation from say each DFS - that might give you an idea of the costs for processing - hint LTR has fewer “stages” in its processing as a consequence of the nature of the ore at KV.

Anyway - you asked the question, some well knowing members here have given their view, if you want to see the “facts” I’d suggest doing a little more reading of the basic documents of the operation (start with the DFS I’d suggest).