Chairman to present at Noosa Mining Conference, page-279

“It's only a matter of how high the prices will rise.”

Nope, it’s also dependent upon where you are in the CapEx Intensity queue.

Perhaps go back and listen to the talk again.

https://youtu.be

“Sure. It's hard to know where the next peak will be, but I think as an incentive price, we could even in a longer term price, we could even go above 20 and just looking at the capital intensity for some of the major projects in the world.

So some of the more scalable, low cost, best in class projects in Argentina are now around $25,000 per ton CapEx intensity. And that's for very favorable jurisdiction, very high grade asset.”

Kachi has a $1.38B/25k = $55,200 per ton CapEx intensity, and that’s ignoring power.

And yet LKE espouse that Kachi is a Top Tier project.

DYOR