The Sovereign risk in Brazil is probably similar or better than Canada. The biggest risk in Canada is the timing of environmental approvals and the support/lack of support from the first nationals population and its implications from an approval perspective.
The quality and the accuracy of the DFS numbers should be better than a PEA. At the moment the future size of LRS is understated as I expect the ultimate size of mine will be 20 years and hopefully the economics improve as the scale increases between LRS's PEA and PFS/DFS.
The biggest difference is the potential capital cost for Moblan v the LRS mine operations. SYA tried to be a bit smart as they excluded about $110 us in transport cost that were not included in the AISC.
Whilst revenue number used by LRS is also slightly higher than LRS used in the PEA. However they are both substantially higher than current market price for spodumene!
The Sovereign risk in Brazil is probably similar or better than...
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Last
23.0¢ |
Change
0.010(4.55%) |
Mkt cap ! $644.7M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.0¢ | 21.5¢ | $814.2K | 3.653M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 12851 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 266698 | 12 |
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| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
23.0¢ |
Change
0.010 ( 3.28 %) |
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| Open | High | Low | Volume | ||
| 22.0¢ | 23.0¢ | 21.5¢ | 1499126 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| LRS (ASX) Chart |