The sensitivity analysis in the DFS showed that if the LCE price...

The sensitivity analysis in the DFS showed that if the LCE price was just 15% lower than the ‘bespoke’ figure they came up with of US$33,000 over LOM, the IRR on the project fell to just 6.5%, i.e. barely better than a bank term deposit. If they had to use an actually realistic long term LCE price, the IRR would be NEGATIVE, i.e. the cost to finance and build the thing would exceed any future returns.



Kachi is a zero, the most amazing thing is how long it’s taken the retail punters stuck in this thing to realise. The signs were there the minute Steve jumped and dumped his stock.