The question you need to ask yourself is whether the highest capex, most stranded SOP project in Australia deserves its massive market cap premium. And it is a very big premium.
As far as I can tell it is what it is because of two reasons. Support from institutions that in some instances have links to key personnel (scour the earth etc). Two, suggestions that massive lake surface area trumps all else.
Cheers
Ann: PFS Confirms LD as a Globally Significant SOP Project, page-104
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