Understanding lithium demand, page-428

High transport cost is offset by low site cost, tin credit and likely high premium sale price as Mr Chen also recognise that.
MET results will confirm the final production quality.
I did a NPV exercise on a high transport cost, still shows very robust economical viability.
If were iron ore, it would be hardly economically viable as iron ore price was just around USD$70/dmt for long term perspective, imo. Lithium concentrate price is about ten times of iron ore, and annual production is only 1.1 million tons, not 30 million or 160 million tons to be transported.

All imo.