Total rubbish!
Projects are financed based on contract sales not spot. Contract prices range between $736 per tonne to $930 per tonne for SC6. LTR used the $1400 spot price.
To put that in perspective the lithium company CXO in calculating their value in their DFS used the contract price for SC6 of US $800/t. LTR by using the spot price, US $1400/t means that their value has been inflated by 75%!
Tell me how is that fair to investors, having a monumentally overinflated value of a company!
Where is the ASX, ASIC???
AIMO
Ann: Release of DFS and Updated DSS - Investor Webcast, page-56
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