The funding gap for phase 1 is now only around US60m. Phase 1 free cash flow at current prices assuming 70% licl to carbonate prices will be 5.4*(15000*0.7-4000) = US35m per year. So for just US60m further investment we can get GLN to start producing US35m per year and have a clear funding path for phase 2 when the real fun starts. Surel;y a solution can be found for such convincing figures?
Ann: HMW Project Achieves 1,000t LCE Contained Inventory, page-22
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