DFS Comparison, page-32

point taken ...i guess it will make ltr sensitive to the spod and hydroxide price. But if the rest of it stacks up and there are no major cost blowouts a discount rate of 8% on the npv calculation gives us a huge margin for error. with interest rate unlikely to get much above 3% in the next few years there is a 5%pa compounding upside. I know 8% is the generally accepted rate, for major projects, but it is well beyond reality now and in the foreseeable future. (thats why all the super funds love these huge infrastructure project, because they know they will win on the npv valuations).

So based on current valuations you can buy 4.2 billion dollars for about 3.

include the hydroxide plants and its even better. im buying more at 1.55....and happy to add if it runs lower