LKE 4.88% 4.3¢ lake resources n.l.

Oh dear. Clearly you take this company at its word and don't due...

  1. sqe
    6,939 Posts.
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    Oh dear. Clearly you take this company at its word and don't due proper due diligence.
    The problem with grades dropping is 2fold.

    1) You now need to pump more brine. This means number of well and reinjection sites increase. Initial grades were 280mg, now 212mg. So a drop of more than 20%. The number of well and reinjection sites just increased.
    2) Capex will increase. Processing a lower grade brine means processing more brine. Means up scaling equipment or increasing number of equipment.

    Combine that with a PFS that is years old and high inflation, Capex number are increasing by the day.
    You do realise yes?
    Last edited by sqe: 11/01/23
 
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