Capex to construct a trench network is small. The only issue would be if there wasn't enough surface area to work with. These guys have been spot on with their S-Study assumptions.
As Argonaut say in their note: "In our view Lake Mackay is Australia’s lowest risk project. It is more than 3 times the size of the next biggest Australian peer, allowing AMN to extract brine solely from near surface via lower-risk trenching, and providing flexibility for the ponds. Its numbers consistently appear conservative in relation to peers."
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