Once again a great analysis Chuxa, you're in deep. A bit of hope that the -30% scenario is probably already planned for the FID (at least for the Li LOM Price, inflation is a different matter. But I'm hoping for planned reserves there, too). There is a plateau at the Li spot price at 87k yuan, which could serve as a strong hedge. The Chinese of course want to crush up-and-coming mines like EMH, but now they also have to start thinking about their profitability (they are not profitable themselves at the moment)
Once again a great analysis Chuxa, you're in deep. A bit of hope...
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