Here is some food for thought. Taking the current BGLCE spot price and adjust the stage 1 project NPV to include a duplicate stage 2 gives a combined stage 1 and 2 NPV of US$5.2 billion which is 8.3 times forecast CAPEX. And there is enormous production upside thought stages 2+. Also, being near the bottom of the global lithium cost curve is a MAJOR consideration for investors, financiers and offtakers. The Board and management is seeking to optimise the best outcome for shareholders. It's as simple as that. Takes a little longer but will surely be worth it in the end. Watch this space.
LPI Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held