Since LKE requires greater than AUD$2b to get Phase 1 of Kachi to production (as per LKE's DFS), I'd really appreciate it if anyone could provide some examples of natural resource companies valued at <$100m raising greater than 20x their value in funding.
Any example will do, it would really help me to understand the feasibility of Lake's flagship project. It doesn't appear feasible to me at current lithium pricing.
Please note: the above >$2b cost for Kachi does not include getting power to the site. I presume the site will need power. I also presume the cost will be upwards of $600m. But let's leave that out of the examples for now as it only makes matters more difficult.
Keenly awaiting some examples that will be put forward by the LKE bulls.
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Since LKE requires greater than AUD$2b to get Phase 1 of Kachi...
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