Allkem General Discussion, page-4012

To be fair, it seems the media outlets were reporting on a different metric. The announcement by Lake yesterday indicated the DFS (apologies, I referred to the PFS in my previous post) would now be out in December this year which is a 6 month delay. The 6 year delay refers to a presentation by the company last year that apparently indicated that production of 50kt pa would be by 2024 but now they are saying 2030 at the earliest. Another issue for Lake seems to be that their capex calculations, which already blow out of the water any suggestion that DLE delivers quick cheap results, does not include the cost of providing grid power to the plant. Some years ago I followed a geothermal project which seemed a good idea except that would need 500km of power lines to get its product to market. That project had other problems but the capex for the power lines was the cherry on top. Not good news for Lake I suspect.

The chalk and cheese between Lake and Allkem is that for all the stumbles that Allkem seem to continue to make they have about 66% of Olaroz 1 and all of Mt Cattlin churning out the cash. Going on what lj just posted the June quarter could be another boomer for Allkem.

Martin MD typically plays a very straight line in his presentations. Be interesting to hear what he has to say for himself and the company at today's ASX presentation.