Chairman to present at Noosa Mining Conference, page-260

Well the way I see it you are correct at current prices. The current price starts with a 1, most pundits claim it will soon start with a 2 and some outliers suggest a 3. No one is betting on the return of 8 but 8 was the number less than 2 years ago. Anyhow what if we stick with the majority and say mid 2 is a reasonable guess. Several factors come into play. Recently Lilac announced a newer iteration of their bead technology resulting in longer life beads. Will longer life beads result in lower costs? Can Lilac produce further iterations and push those costs down? What if they can't? What if ion exchange proves to be too expensive? Lilacs costs currently are $1380 but I look at Eramet up the road and I see them about to commission a sorption DLE plan bigger than Kachi which they claim costs $870. What stops LKE moving to sorption if it is $510 capex cheaper?