PFS2 Valuation, page-20

So if you want a good cry EUR just released their PFS.

Spod cost (after credits): $685 usd/t.
Capex: $390 Mil usd.
Npv 8% post tax: $200 Mil usd.
Ore reserve: 7.4Mt @ 0.71% Li2O

Current EUR MC: 130 million.
And that is before outstanding options.

I just cannot fathom how bgs can realistically compete with monster deposits like this.