So the DFS was delivered 2 years late (took 3 years not 1)
It used a lithium price of $33,000/tonne ( some other companies have used $21,000). The price used is more than double the lithium spot price.
It has the highest CAPEX and OPEX of any project in Argentina, using a process with lower recoveries compared to peers. CAPEX of $1.4B USD for a company with a mkt cap of $130M USD
The company has failed to hit every milestone on time, yet the LKE fanbois are convinced this thing is on track and that every milestone will be hit on time moving forward.
With this type of cult following, you'd expect to see a SP going up. Nope, it's down 95%.
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So the DFS was delivered 2 years late (took 3 years not 1)It...
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