55% vs 70% recovery not much difference ??This means you spend...

55% vs 70% recovery not much difference ??

This means you spend the same money blasting , digging, transporting, crushing, etc and you throw away almost half of the Lithium to the tailings...

and :

a ) Your cost per ton produced is almost 30% higher !!
.
b ) For the same resource size, the life of mine is reduced by 30%

c) Your energy intensity per tone of Li, and CO2 emissions, is 30% higher.

d) You are a perfect target for a TO in the low part of the cycle, then add some improvements in the flow sheet (aka Altura), and here we go a shinny and efficient mine at replacement cost.

As you can see the difference is massive, lower quality and less resilient business; the first one that will go into C&M in the down cycle...

That's why PLS is weathering the storm so well... and progressing at cruise speed ...