Production costs won’t be known until the mine and plant reach nameplate production, possibly (maybe, hopefully) during 2025. A DFS rarely gets it spot on with production costs. It will take time to get there. It isn’t easy, as other new producers find out when they flick the switch on and hope SC6 at 75% recovery pops out the other end.
What SF said has nothing to do with what the company value should be if LTR executes perfectly. The shorts will do what they do. Unless another TO battle presents, (doubt it, GR spoiler alert) LTR will be at the mercy of the maggots. Just because GR was prepared to pay $3 for some of LTR, don’t think that is the end game.
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