LKE 1.35% 3.8¢ lake resources n.l.

Lucky, all I can do is repeat facts:Unlike everyone else in the...

  1. 4,975 Posts.
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    Lucky, all I can do is repeat facts:

    1. Unlike everyone else in the space, LKE commissioned a 'bespoke' study from a consultant (i.e. paid them) to come up, via unknown parameters, with a long-term LCE price of US$33,000/t for the life of mine.
    2. Other similar companies have used the consultant's own studies (i.e. not paid for their own 'special version'), and these all tend to have long-term LCE prices between US$18,000 to US$22,000 (from memory), almost 50% lower.
    3. The 2023 LKE Annual Report showed how heavily the KMP were incentivised to get a DFS released in 2023, a 40% weighting (see image below)
    4. LKE consistently have been spending almost US$10M on corporate/admin/staff costs each quarter: far, far higher than any of their peers.

    If you can't follow what is happening here.... sheesh.

    https://hotcopper.com.au/data/attachments/5905/5905338-91170a1bb985728ed005015b0f6221c2.jpg
    Last edited by mondyinvest: 23/01/24
 
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