S*A barely make a profit due to their horrific arrangement with PLL.
Colina is 100% owned by LRS and we are masters of our own domain with any offtakes we sign from here.
Very quick summary from my short read so far:
Headline NPV is well in excess of my expectations (partly driven by 11 year LOM I am assuming).
Long term lithium price used is a fair number ($1,699)
Capex is low considering our average output (as expected)
Opex is suitably cheap
Strip ratio worse than expected (but doesn't both me personally - but I expect some in the market won't like it).
Ramp up period may leave some less than impressed
No idea that the market will do with us today - but we will soon find out.
Ann: Robust Results for Colina Lithium Project PEA, page-20
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