NPV of $3.6 billion and 70% of capital costs already approved from a bank. The extra 30% could come from offtakes. Market cap only $130m. You serious?
Urea price is almost at $1000/t and LCK plans to produce 1mtpa and can increase that to 2mtpa. That's $1-2 billion cashflow per year! The NPV was done when urea was more than half the price it is now, this project has amazing fundamentals. I'd say if they can get offtakes for the rest of the costs then construction can be fast tracked. This company has to be extremely under valued doesn't it?
What is LCK' value?, page-37
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