Firstly, you are comparing a brine operation to a spod operation and if you are going to do that you need to convert their outputs to the same. Your numbers sre wrong I'll leave that to you.
In regards to LTR, it's resource is deep and strip ratio terrible hence going underground decision. More costs and the project looked good at hi spot prices.
Like a lot of projcts back then if it were to startup now it would be making a loss.
The directors are plouging ahead and holders should ask how a board can decide to progress a loss making project. It should be mothballed like the other high price cycle projects.
I've never seen before where a project is justified on some hope of future price increases. Only of recent times in the Li sector in regards to high cost spod projects.
imo
dyor
Li-related News/Articles/Reports, page-8120
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