Throw on top of that the work done by Sigma and LRS which shows that whilst they are after lithium, they can get it out of the ground cheaper and faster than anyone else in the world. The LRS PEA from memory, was $437us/tn, which the DFS when released shortly is expected to fall even further. That makes a $900us sc5.5 price profitable, while others are moving to care and maintenance. And while there is some out-cropping intrusions on the LRS colina tenement, we're talking going over 500mtrs deep there. Brazilian advantage gives the ability to be producing in an incredibly short timefame with much less cap ex and op ex.
First mover advantage and the ability to weather price downturns.
This is the reason Brazil is my investing hunting ground, its biggest con, I believe, is the mild xenophobia that can be directed towards it by asx investors. It's not Australia.
Maybe triple green nb, ta and assorted ree by 2028, should the resource prove up. I imagine WA1 could still be unraveling tape then.
SUM Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
(20min delay)