96% is a very high recovery that should help make DLE competitive. I think most evaporation based recoveries only get around 60% recovery. Evaporation based projects are in general, significantly cheaper than hard rock. It will be interesting to see how costs for DLE will compare to hard rock and evaporation with recoveries anywhere near 96%. I wonder what recovery was assumed by Phoenix when they estimated the project valuation. Does anyone recall that being mentioned? If significantly less than 96%, then there is room for a valuation boost from higher recoveries.
