I think basically anything other than Mali going cheaply to 35% equity is a win.
Overall things have got more expensive/risky, but SYA, CXO, LTR all have their own significant issues - not trying to say they are worse than ours, but the marginal cost for lithium production has jumped a lot in the last six months.
Whether it's higher cost production or slightly lower equity, this project has become worse, but it will be selling into a lithium market with sustained higher prices.
I was fortunate to have just trimmed 10% of my position at $1.10, so bought a bunch at $0.60. We'll see how it plays out, especially after this call, but 60c is still very cheap.
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