@peppa agree, although I've got slightly different targets. The most recent PEA on 1 Sept 21 states 15kt NaBr and 2674t LCE. The plant designs are modular and the original PEA Stage 3 had 4 modules. That's 60kt NaBr and 10696t LCE, with revenue of $317M and $140M respectively (using the 1 Sept PEA numbers).
That puts the NPV at approx USD$3billion. To justify these production rates, I'd argue they need a resource of >500kt LCE but preferably >1Mt. They currently have 200kt, this next drill at Long Canyon 2 is targeting 500kt + just at that one well. Then add in the reentries of Sunburst and Mineral Canyon and 1Mt ++ will easily be achieved.
If the above can be proved up, and existing data suggests a very good chance of it, then that USD$3B+ NPV becomes very realistic for the DFS due end H1.
