Either dilution or heavy debt may eventually be an issue.
IMO the big end game, and only justification this can run any further, is the down streaming/integration model in play - but to do this they need a Hydroxide plant.
Do some numbers on cost involved to get this built - much more than current $160m CR (arguably around the value of our current MC perhaps??)
I'd planned to be out earlier, but what the heck - maybe the yanks aren't that dumb after all??
Ann: Piedmont Raises A$159 Million, page-34
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