Yep.
They make a compelling case until you get to page 32.
LOM Opex - $38/lb and projected IRR% of 15% which is low in comparison.
Now I could be comparing apples with oranges here, but GSC which is a Lithium stock have just released a report where they've found Vat leeching to be more efficient that heap leeching. They are also going to look at making their own acid on site and using the excess power generated to power the rest of the plant PLUS feed excess electricity back into the grid. (circa 20-30MW)
Both BMN & GSC are located in pretty barren areas. Maybe the guys at BMN can cast an eye over the GSC report? The cost is too high with BMN's projects. Somehow they need to get that lower.
Yep. They make a compelling case until you get to page 32. LOM...
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