Like I said when I first posted here ages ago, we need all the Li we can get and I wish all companies well, but the harsh reality is that this is not selling crushed rock, and the precedents for successful Li brine projects are few and far between. Zero new ones in “the west” in the past decade or so…
Anyone thinking that you go from making a few kg’s in an external lab to 10’s of thousands of tonnes per year is absolutely kidding themselves.
Construction etc will be 2-3 years post-finance and cost more than they think. Someone taking a gamble with hundreds of millions of dollars will want their pound of flesh, and with little derisking via an actual (demonstrable) scalable production process, you will see what I mean as/if it progresses.
Imo dyor
LPI Price at posting:
47.5¢ Sentiment: None Disclosure: Not Held
