LRS General Discussion, page-16528

I believe LTR indicated on their webinar last week or the week before that they will be revising their production schedule and deferring / scrapping the expansion project. I believe they were/are targeting around 500ktpa (but still haven't said anything formal).

On this basis - it makes us basically equivalent to them in terms of forecast output (with the obvious difference of Aus v Brazil, they are also ~2 years ahead of us, they've secured 3 offtake parties already and are very close to having a fully constructed mine).

But it does raise some questions (as you say) about our market cap and when it might get a re-rate (maybe DFS)?