Billions and billions of euros, page-230

Unless Google Chrome translation has got things wrong, an article in Wall Street Online has a skeptical view of EUR.

https://www.wallstreet-online.de/nachricht/11319555-european-lithium-woertchen-wenn

"With a relatively small resource and a projected production capacity of 55,000 tonnes of spodumene concentrate per year according to a prefeasibility study, underground mining appears to be comparatively small and uncompetitive in terms of the cost structure of open pit mines in Australia."

"Capital market professionals are at work at European Lithium. Although European lithium boss Müller seems to be well networked, but the comparison in the direct peer group poor economic efficiency of the project would actually speak against the further development - especially since we are currently moving in lithium in an unfavorable phase of cyclical development and hard to raise capital. Sector experts such as Benchmark Minerals are forecasting a price per tonne of lithium hydroxide of $ 15,000 beyond 2025. But Wolfsberg is suboptimal for lithium mining and probably at most operable at extremely high prices."