To be fair, I've long stopped listening to the company after the dismal information about the water/permits and holdups at Paradox (which they have been reluctant to tell us about). We only found out it about it from HC posters
btw I said about 1 year ago don't get me started on permits, before this water s....t happened
Anyway, heres more interesting reading, I don't have shares in this company, but I do follow and the tech report on the PFS is interesting.
IF this link is broken you can read it from the website
The sales price they used is similar to LKE over 30k, and yet it is now less than 11. So this project would not be bankable right now given the low margin, high OPEX and $2.4 bill CAPEX,
17.6 Lithium Chloride Carbonation The purified and concentrated LiCl eluate will leave the mechanical vapor recompression and be directed into the carbonation reactor where it will be combined with a saturated sodium carbonate (Na2CO3) solution to precipitate lithium carbonate (Li2CO3) and generate a sodium chloride (NaCl) solution. The equation is: • 2 ଶଷ ൌ 2 ଶଷ ↓ The Li2CO3 precipitate stream will be thickened then dewatered in a centrifuge. The dewatered precipitate will be re-slurried in a washing kettle where hot recovered water will be used to remove impurities. The resulting slurry will be transferred to the final centrifuge produce battery-grade product.
As I said chemically its a simple process,
Aside, I generally ignore published NPVs and reverse engineer the likely cashflows, then add finance costs to come up with a more realistic P and L. The reason I do that is there is a risk a mining company develops and goes broke with the overhanging debt, so at these prices delays are good
