LKE 2.13% 4.8¢ lake resources n.l.

Current mkt cap is $220M AUD, yet the CAPEX required just to get...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. sqe
    6,939 Posts.
    lightbulb Created with Sketch. 3626
    Current mkt cap is $220M AUD, yet the CAPEX required just to get grid connection to site for Lilacs power hungry process will be circa $300MUSD? = $476MAUD.

    So circa 2x the company mkt cap just to get power?

    The company just torched $29M for a qtr and they are not even in construction. No revenue until 2028 at the earliest?

    Where is the pump squad?
    Last edited by sqe: 31/10/23
 
watchlist Created with Sketch. Add LKE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.