Yes I agree that there are plenty of difficult phases before getting into production. It is hard to evaluate Vulcan's DLE process since we do not have any information and they are the only company exploring the adsorption process. I am optimistic that they will achieve it, the question will be about how will it affect on CAPEX & OPEX.
Another big challenge is the drilling and also disposal of the depleted brine. They will certainly face quite a lot of environmental hurdles since they are in a high population density area which uses that same brine as water supply. I wish they would clarify their strategy and their current status on that front.
Yes I agree that there are plenty of difficult phases before...
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$4.26 |
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| Last trade - 10.44am 03/10/2024 (20 minute delay) ? |
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