First of all let's cut the crap about capital raising. There is...

First of all let's cut the crap about capital raising.
There is no such a thing.

It's written on the anns. that they don't need the additional funds until the end of 2023.

When required LTR is confident in the potential funding sources available and is progressing with a range of prospective funding providers.

Also it's also stated that early revenue potential from Direct Shipping Ore (DSO) can definitely pay that out.

Increasing ore process from 2.5mtpa to 3mtpa results an increase of 100kt spod concentrate.

If we take today's SC6 price for $6000/t into account that makes $600m revenue per year guys.

What is the $200m cost blow out here! Nothing.

I think at least $100m of cost increase of $200m is coming from that upgrade. So that's normal to me.

PLS has announced its quarterly yesterday. You can see the money they make in the last quarter is $851m ...!

Wake up guys.

$851m in a quarter..!
And they have $2.2b in the bank now.
This is like a money printing machine.

$200m cost increase is less than one month's revenue here in this business.




Also, these high costs are showing that it's not easy to fund the low grade high cost projects. They will not be in production in time or delayed.

So the lithium supply/demand deficit will even be higher than expected. And that will cause even higher spod prices.

There is one thing more why LTR might be increasing its spod production... I will explain it later.