Tell me, how are these DLE operations equitable if they have 1.5 - 2 billion-dollar capex. Opex doesn't matter if you cant get them out of the ground.
Lets entertain the idea that they can, what is the dilution or payback. What kind of margin do they need to remain operational if they even just go 50% finance in todays environment.
DLE having a low opex, if even possible short term, wont matter, they will need huge margins to provide any real benefit to the investor.
Just my ignorant opinion.
Ann: FY23 Full-year results presentation, page-328
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