I don’t really know. I’d guess as a rule, scale will win. But I find the brine sector much harder to read as there’s much fewer operations ramping up at present (as far as I’ve seen).
If Galan get the necessary funding I think they’ll have the necessary scale/opex etc but I’m also a tad cautious about how long it’s taken LTM (previously AKE) to ramp up some of their operations. Brines are a lot tougher than just digging up 1.4% spod. hard rock.
I don’t really know. I’d guess as a rule, scale will win. But I...
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