In the recent Webinar I noted LRS want to be a tier 1 lithium...

In the recent Webinar I noted LRS want to be a tier 1 lithium producer which they define as producing 100kt pa LCE for 20+ years. They seem to be aiming for this production level in the DFS which I believe is possible based on details in the recent webinar. To put such a production level into perspective the following image was recently produced by Sprott and shows lithium production ambitions by each company in 2030 ie LRS would be a top 10 producer and possibly in 2026 based on LRS ambitions and the chart below.

If they double the PEA production level in the DFS and for 20+ years the NPV will at least double and may reach $9m. They also noted in the webinar the ASIC will not increase and may reduce in the DFS. The IRr should a,so rise significantly.

The only downside of increasing production will be a higher capital cost and possibly they will need to raise some capital.

Delivering on the LRS ambitions will see the LRS SP increasing substantially.