From memory it is still about $670 million ish to raise through sellling 40% of the project to one or more equity partners, as previously stated in earlier ANN and 1 billion from the DOE loan so it is about $170 million increase from the original commitment they had with SSW of $500 million. But to add to that, the project has had some major increases in reserves and operational improvements. Also substantial de-risk elements like the DOE loan closing, 70% engineering is complete and full permit to start construction. With the current projections even with weak lithium prices this project will have made back the original investment capex after just 8 years of production! Which is very rare and still has 87 years of mine life left. All this info is in the ANN today, this is a 10 year investment for me.
INR Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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