Urea is $1000/t and going up. They might be able to still sell the hydrogen. If urea prices stay high they would be making huge profits and the remaining 30% could be funded by offtakes and/or more debt. Fortescue metals in 2006 were able to raise over $3b to construct their facilities and I see similarities here. The South Korean funding of $1.5b is massive and a smart deal since those funds will be going back towards a South Korean company company doing the construction, engineering, commissioning and finance, all in one contract. This has to be one of the cheapest companies on the asx, with a NPV of $3.4b at a urea price of under $400.
What is LCK' value?, page-98
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0.4¢ |
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Mkt cap ! $8.684M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $1.063K | 247.0K |
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| No. | Vol. | Price($) |
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| 13 | 15457745 | 0.4¢ |
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| Price($) | Vol. | No. |
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| 0.5¢ | 15986934 | 12 |
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