Ann: Investor Operational Update, page-29

ok so im seeing a few 'i like its' and i agree (as a non holder) that its realistic and more thought out, the whole announcement has a vibe of acceptance that LKE is nothing special, gone are the "worlds cleanest lithium" propaganda replaced with lakes vision to be 'a contributor to the clean energy trend'.. not a leader, not a top 5, a contributor..
now LKE is currently 47.5c, lets compare this to other DLE on the ASX and see if thats a fair value

ASN

LKE

VUL


Production dates and capacity
ASN 2025 and 13ktpa
LKE 2027 for 5ktpa, 25ktpa in 2030
VUL 2027 for full 24ktpa (2026 ramp up)

MC
ASN 200m
LKE 675m
VUL 670m

recovery rates
ASN 91%
LKE 80% to chloride only
VUL 93.9%

investors, take attachment out of it, this is horrific, lake deserve to be 10c, at this rate they'll be in full (25ktpa) production at the same time as a PNN who have a MC 20 times less, at current cash burn rate, lake will be out of money and relying on the cash facilities within 5 quarters and then they'll have to wait 4 years to make 5kt LCE profit in 2027, people will know that and people will let this drop like a rock, they'll be raising cash at 15c, diluting heavily while they find a way to raise 1.5bn USD to build the first half of a project with a 17% IRR which is half that of VUL and ASN