Carbonate today's elevated price = 30,000 * $52,000 = $1.56 Billion
waiting til 2025 and potentially prices moderating a bit
30,000 * 28,000 = 840 Million
The difference in speed to market is 720 Million.
Even if we just got 1 year of better pricing out of our 200m we would be 1/2 billion to the good. I have been saying all along "the quicker the better", and maybe now that is the plan.
It will be interesting to hear the coming weeks announcements.
GLTAH
Ann: At-The-Market (ATM) Extension and Increase, page-22
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