LKE today, page-4

I'm hanging out for the PFS too, hopefully it's quite detailed.

LKE have heaps of volume to move for every tonne of product, so recovery is more important to them as is processing costs. Can't wait to see the costs of processing, hopefully they're not black boxed. Theoretically the variable costs would be reduced by a factor of 4-5 or so for GLN over LKE as would some (most) of the capital costs.

What i think will be the real key is whether they decide to evaporate (say) 50% to reduce the volumes in the plant, and if they dont whether they say that it is because they want to pretend to be ecowarriors, or whether there's a legitimate reason for that.

The other consideration is whether they elaborate on water requirements, and where it's coming from. GXY had labelled ion exchange as thirsty, though that depends on the particular brand of IX, will be interesting if this gets a mention.