LRS General Discussion, page-16359

AISC is $536 USD from PEA which at 66c converts to $812 AUD - this could come down a tocuh with local shipping but I think it will be more than offset by inflation and labour costs as Brazil grows as a nation. I am not sure if the DFS though will cut this down because basically shifting the same amount of ore with all the infill drilling they can yield more Li? Someone may be able to comment here as this could trim it down a lot if the resource effectively doubles from the PEA but not so much the other paramters.

That said at $812 AUD seeing the cost profile of PLS, IGO and others at a lower level suggests the large players will not be wiped out as the price drops more. Add in China raiding Africa, Afghan, Iran, etc and mining cheaply one has ot ask where the price will settle. It has already busted below many experts predictions including the lauded Joe Lowry.

LRS so far is a well run outfit, has an imprssive resource and is ticking boxing but if the Li price craters further the market can't ignore this and they will not be able to move to production, fund the construction, if the spot price is sub $900 and it is sketch ay $1,000 given a 10-20% drop means we are now producing at a loss.

Things to consider anyway. Many are much worse off. CXO, LKE, GL1 are prob good shorts even now!