If LKE were a producer, I’d half agree with you. LKE claim first...

If LKE were a producer, I’d half agree with you.

LKE claim first production in Q3 2027*…for 12.5 ktpa LCE.

For ramp up to 25 ktpa LCE (Phase 1)…they claim Q3 2028*.

*Expect those delivery dates to be slipped, due licensing, and permitting (e.g. ESIA, Mining, re-injecting).

In the meantime, there’s a CAPEX of US$1.1B - US$1.5B (excluding capital cost of a grid connection), to get to production.

Current AUD/USD 0.6430

US$1.3B (mid-point Capex) = AU$2B (excluding power).

LKE’s cash at bank is in AUD.

LKE raise capital in AUD.

IMO DYOR