Absolutely. I'm not even sure why you think 3 cents is a target....

Absolutely. I'm not even sure why you think 3 cents is a target. But still 3 cents is closer to the truth than 5.6cents.

Just compare with SYA—it has an operational lithium mine in Canada producing lithium at a marginal extraction cost cheaper than LKE's DFS projections, and yet, it's being battered by the market. CXO in Australia, too, has an actual mine and is in care and maintenance because its marginal extraction costs are too high, albeit still lower than LKE's DFS estimates.

Both are examples of operational mines with cash in the bank, the heavy lifting is done, yet they're struggling. In such an environment, why would anyone fund LKE?
If farm gate pricing for Li tripled then LKE may find backers.

Lithium is abundant. Only new mines with exceptionally low production costs and easy access to major markets like China, Europe, and North America stand a chance of getting funded. This is precisely why LKE hasn't secured funding and had to go cap in hand to investors, resulting in its price plummeting to 5.6 cents.