At least we can collectively laugh at the DFS assumptions that have been provided in the LKE's DFS release today.
LOM Pricing used by LKE is *drum roll* ....US $35k LCE p/t, that is outrageous, considering the spot is around $13k the study makes an assumption of tripling Li unit price from the current spot price and then settling on that for the next 20 years.
This is almost as bad as EUR's DFS that made the LOM unit price at ...US $47k LCE which is straight up laughable and EUR and DRA should be embarrassed by, the NPV on that project if you apply 'realistic' pricing is only 17%-20% of market communicated $2.2B NPV (~$350M-500M), which doesn't even cover capex for mine construction or plant install.
LKE's price assumptions (oh yeah, CAPEX is US $1.4B):
(20min delay)