It's behind a paywall so I don't want to breach copyright but main points below. $2bill processing plant for 64ktpa from 2030 The world's 4th or 5th largest lithium resource Worth billions "right now" (Oct 2023) and potentially "tens of billions" when at full scale production. "Our NPV" is $US9bill but at full scale, it would be a US$15 or 20bill business. Initial LOM 27 years Plans for a water neutral process with no evaporation ponds or open pit mining powered by renewable energy and steam. Larger than Rincon that RIO paid $1.2bill for in 2021. Rincon 11.8mt tot resource with 2mill t reserve at grade 325mg/l. Phoenix is 12.4mt with 1.9mt reserve at 437mg/l. At time of article, lithium prices down 70% but Boston Consulting estimated US demand to increase 6 fold by 2030 Referring to LTR's takeover battle, Wakim said Phoenix dwarfs "all these projects here" Start at 1400tpa and go online, full scale in 2030.
