AISC will be $USD452 per tonne for SC6. Most of their product will be SC6.5 - 7. CapEx is $473m including pre-production cost. How much you think spodumene can drop to? It’s at around $5000-$6000 now. That’s unsustainable. Macquarie long term price is around $1500. At that price we looking at around $4 a share. Does that explains it? And let’s not compare FMg with LTR. One is low grade iron producer but a giant. Another is lithium player. One has a marketcap of $60B while the other has $2B. Where is the comparison for goodness sake. Why are we even comparing this lol? That’s crazy. Next we gonna compare LTR to Amazon?
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