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Total nonsense. The PEA was from 2023 and was based on a...

  1. tweetie2000
    383 Posts.
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    14/08/24
    01:01
    Post #: 75193808
    Total nonsense.
    The PEA was from 2023 and was based on a weighted average spodumene concentrate price of US$1,699t/CIF SC5.5 and US$927t/CIF SC3.
    The DFS will be made at a time when Lithium prices are way lower.
    I doubt they'll even use Lithium prices which are 50% of those used in the PEA.
    So the NPV will be substantially lower than in the PEA.
    LRS Price at posting: 11.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch. 2  Great analysis
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