Good News & Bad News, page-646

Wouldn't be too concerned, but I do note they have stepped up their marketing to discredit the other EU probable projects. That is reckless, and will only increase EU dependence on imports.

They talk enough capacity to supply 400 mill EV's, the reins should be pulled in there, as at stage 2 capacity, they can supply ~600k EV units per year, somewhat misleading IMO.

Majority of their resource estimates fall into the "Inferred" category. So, if not proven up, they might find that lithium cannot be produced in economic volumes, let alone battery quality. Is that why they need to drill 5 geothermal wells to feed 40kt hydroxide plant. I can see huge capex blowouts, spending huge dollars on said wells just so it can scale to 40kt, thus cheap green electricity generation for the region, but bloody expensive lithium...

If proven up, at the end of the day, it will just be another 40kt per year lithium project with a power plant, or 5. Due to how the EV supply chain is developing in the EU, 40kt won't move the needle. The EU will need 650kt LCE by 2026, of which 500kt will be imported. If they go too hard with carbon tax on the imported supply, EU supply chain investments will sit idle, alternatively, cost of EV's & ESS applications in the EU will be more expensive than ROW.