Ann: Kidman and SQM to form Mt Holland JV, page-38

it seems that way

KDR will not be a spodumene mine, like PLS, but a Lithium Hydroxide/Lithium Carbonate/LCE producer, like ORE

these means greater profit margins

based on current US$850/t spodumene at US$307/t opex versus US$10,000/t LCE at US$3,500/t opex (current ORE opex) , my calculations get double the valuation for LCE

the deal looks far better due to LCE (Lithium Carbonate)

Note: I don't know much about lithium