not as fast as promised - the timeline does look ambitious in regards to the start of construction, but I wouldn't rule them out in regards to the duration.
not within budget - you would have to think that a simple duplication of the existing recently constructed plant with all the cost data from that construction, should derisk their cost estimates. That is the scenario that most PMs love...
nor succussfully achieve the output quoted. - again, a simple duplication of the existing plant without the purification circuit should see the performance derisked - the primary circuit reportedly runs in excess of nameplate so there is no reason to believe that should not be repeated.
Perhaps the biggest risk factor in the execution is schedule & budget pressure on construction resources if SQM/LAC are moving ahead at the same time.
Other than that, FX...
ORE Price at posting:
$2.87 Sentiment: Buy Disclosure: Held
