DEG esti capex to build their mine is $1.3b, 550ktpa
I have no clue what it costs to build at 80ktpa, but pro-rata to DEG gives $200m
If LRV needs $73m to re-start, the mine alone is now worth $120m for LRV
SXG is $520m mcap now and would need $200m to build one of similar capacity - they’re 1 billion to match LRV’s- and they’re years away.
They’ll likely have bigger deposit but LRV still has significant wxploration upside.
The lrv upside is compelling if executed to plan for early 2026 production
Sxg still has no clear path to production
Permitting alone may take years
Hope it makes sense. and is Fair comparison imo
Any questions? Ask the contractor
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