Yeah that is a very interesting question. Keeping in mind PLS is not really doing super well right now either. Cash balance is reducing. However the cash balance is big enough to get through this tough period assuming it improves in the future. LRS struggled for funding and the capex/opex matrix for LRS was as good as it gets.
Lower capex, lower opex, less taxes and less royalties than WC8. Way cheaper energy. Bottom line is better from top to bottom and yet a deal with PLS has become the path moving forward.
So much has changed in the last 7 years. This very day PLS would struggle for funding. The price of spod is not very appetising for $1B investment in a shaky sentiment.
We still don't know if the transition to EV will happen as we hope or it will be far slower and protracted which harms the spod price.
At $1200 U.S I think further investment becomes more palatable. Right now it is $800 U.S. Big difference,
WC8 Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
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