Or even 35-40ktpa???
This resource update is totally wasted unless the project scale now grows with it....It will come down to optimum pond design and layout in my opinion as to the final DFS base case rate (long-term) and my back of the envelope suggests 30-35ktpa is doable with the good pond land we have and as you go up from there above 35-40+, perhaps the ponds/pumping gets suboptimal? But who knows??
As long as we see 25ktpa+ I'll be happy as that will be a US$4B+ NPV project @ a conservative ~$20,000/t price which should easily support a $1B+ (~$3.50+) GLN valuation post DFS....crap Lake are $1.5B MC today pre-DFS with an unproven technology and far inferior resource on all measures...I'd like to also see clarity on plans for early concentrate sales (i.e. when, what rate, what capex, sold to whom etc.) - that will really light up the share price in my opinion...hopefully we learn some of this before the DFS is published...
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Ann: 2.5x Increase in HMW Resource - Now 5.8Mt LCE @ 866 mg/l Li, page-113
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