PLS used conservative spodumene pricing in there estimates.
Approx 50% below actual pricing IIRC, not the case for CLQ.
And of course CLQ capex estimates are many multiples more than what it has taken PLS to build the plant. No matter what way you try to twist it PLS's project is far and away less risky than CLQs, a much more attractive proposition to any financiers and even then they still have to pay a 12% interest loan rate on the part they could actually get debt financing for which was about 50% IIRC.
Dont hold PLS.
Ann: Clean TeQ Sunrise Definitive Feasibility Study completed, page-155
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