We are probably doggy doodoo if there is no chance of economic recovery of copper from Rosario.
To me RKLP is exactly the same thing I referenced at Escalones - an example of how bad shit can happen (but it might chain and Escalones would once again be the largest undeveloped oxide project in Chile) when Gov't fail to deliver.
Don't see that risk at Rosario. The risk is there isn't economically recoverable copper there. You'll need a MRE and PEA to tell you the answer. Option is sell now and take whatever capital remains and IF FLG can get to the PEA (2 yrs away?) point intact make an investment decision ... but you'll still need the commodity cycle trend to be your friend (which in Lithium it is not at present - but RIO thinks that's changing ... buying Arcadium, investing big in their Rincon project by way of example. They have similar thoughts in copper. They may be right, they may be wrong or they may be crazy).
PL's job is to get enough capital with the least amount of dilution to get us to a point where either there is a project at Rosario which can deliver low capital intensity, high IRR and with a short payback time. Just that easy...
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