I forgot to add, the price of V is now US$6.4/lb. 12 months ago it was something like US$32/lb. Whilst the drop is significant, TB mentioned that it is actually beneficial to us as nobody will buy V for more than US$12/lb for batteries use. And the lower the V price, the better it is for KRR as we have such a large V deposits (of course while we are still making a profit)
I also had the opportunity to meet Mike from Hartleys and the one main point I got from him is that KRR is trying to monetise the SSM by reducing capex costs and improve efficiency in the process flow sheet. And if KRR manage to bring the capex below $300m, then it will have higher chances of getting finance.
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